McDowell Partners Delivers 410-Unit Miami-Area Seniors Housing Venture

McDowell Housing Partners and Miami Jewish Health completed Douglas Gardens Senior Health and Living, a 410-unit mixed-income, mixed-use residential community in Pembroke Pines that stands as the largest affordable senior housing development in Broward County and the second largest in the state of Florida. The $139 million development combines residential units with on-site healthcare services.

The project is designed to serve seniors primarily at 30% and 60% of the Area Median Income (AMI).

The Broward County Housing Finance Authority served as tax-exempt bond issuer; Citi Community Capital provided construction and permanent financing; CREA, LLC invested as the Low-Income Housing Tax Credit (LIHTC) equity partner; and Broward County Housing Trust Fund contributed subordinate financing.

Amenities include a pond with walking paths, fitness center, theatre room, business center, multiple indoor and outdoor gathering spaces.

Florida PACE Centers, a subsidiary of MJH, will deliver comprehensive medical and social services to Medicare/Medicaid-eligible seniors, enabling them to receive hospital-grade care without leaving their communities.