Current Developments
Seahorse Cottages at Big Pine Key I
Seahorse Cottages at Big Pine Key II
The Avenues at Big Pine Key
The Landings at Sugarloaf Key
Dockside at Sugarloaf Key
Pollywog Creek Mews
Seahorse Cottages at Big Pine Key I
Seahorse Cottages at Big Pine Key II
The Avenues at Big Pine Key
LOCATION
Big Pine Key, Florida
DEMOGRAPHIC
Workforce – 80% of AMI Residents
FUNDING
CDBG-DR Conventional Debt
TOTAL FINANCING
$14.5 Million
CONVENTIONAL DEBT LENDER
Community Housing Capital
Seahorse Cottages at Big Pine I and II and The Avenues at Big Pine Key developments are located in close proximity to Key West and will provide 31 single family houses for workforce residents. Each home will be “green” certified.
Seahorse Cottages at Big Pine I and II and The Avenues at Big Pine Key were awarded a competitive Community Development Block Grant – Disaster Recovery (CDBG-DR) funding allocation from Florida Housing Finance Corporation in 2020. These developments are currently under construction and will be ready for occupancy starting in the 4th quarter of 2022.
The Landings at Sugarloaf Key
LOCATION
Sugarloaf Key, Florida
DEMOGRAPHIC
Workforce – 80% of AMI Residents
FUNDING
9% LIHTC, SAIL, Conventional Debt
TOTAL FINANCING
$19.431 Million
NUMBER OF UNITS
60
The Landings at Sugarloaf Key is a mixed income development that will provide 60 workforce and affordable housing units to Monroe County residents. The multifamily residences will be “green” certified.
The Landings at Sugarloaf Key was awarded a competitive 9% tax credit funding allocation and SAIL from Florida Housing Finance Corporation. Odyssey Housing Group expects to complete construction by the end of 2023.
Dockside at Sugarloaf Key
LOCATION
Sugarloaf Key, Florida
DEMOGRAPHIC
Workforce – 80% of AMI Residents
FUNDING
9% LIHTC, SAIL, Conventional Debt
TOTAL FINANCING
$11.34 Million
NUMBER OF UNITS
28
Dockside at Sugarloaf Key is a mixed income development that will provide 28 workforce and affordable housing units to Monroe County residents. The multifamily residences will be “green” certified.
Dockside at Sugarloaf Key was awarded a competitive 9% tax credit allocation and SAIL from Florida Housing Finance Corp allocation from Florida Housing Finance Corporation. Odyssey Housing Group expects to complete construction by the end of 2023.
Pollywog Creek Mews
LOCATION
LaBelle, Florida
DEMOGRAPHIC
Affordable Housing – 50% & 80% AMI Residents
FUNDING
HOME Funding, Conventional Debt
TOTAL FINANCING
$6.29 Million
NUMBER OF UNITS
28
Pollywog Creek Mews is a mixed income development that will provide 28 affordable housing units to the City of LaBelle.
Pollywog Creek Mews was awarded competitive HOME funding allocation from Florida Housing Finance Corporation. Construction is scheduled to commence in the 4th quarter of 2022.