Housing Trust Group has completed Lafayette Gardens, a $21 million affordable housing community in Tallahassee, FL. Lafayette Gardens apartments are available for income-qualifying individuals who make at or below 33 percent of area median income or 60 percent of AMI.

Funding sources for Lafayette Gardens included an initial $15 million construction loan by Chase Bank, $16.1 million in 9% Low Income Housing Tax Credit Equity provided by Raymond James and a $4.8 million permanent loan through Freddie Mac/Walker & Dunlop.

“As rent and cost of living continues to skyrocket, so many working Americans are being priced out of the places they call home,” said HTG president and CEO Matthew Rieger. “Those people are the backbone of our local economies, and our goal has always been to create homes to keep them in the community.”

Lafayette Gardens has four three-story buildings with 96 apartments. Residents have access to employment assistance, financial management and literacy services.