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Rural Neighborhoods Portfolio Grows!
Rural Neighborhoods completed its long-awaited $4.85M purchase of the Timber Ridge and Sanders Pines rental communities in Immokalee. These properties were built in the 1990’s by non-profit developer Immokalee Housing and Family Services (IHFS). Funds for the acquisition were provided by Community Housing Capital, Florida Housing Finance Corporation and Federal Home Loan Bank. Rehabilitation work…
Renaissance Hall at Old Course $94M
Total financing of $94M closed October 11, 2024, commencing new construction of the 252-unit Renaissance Hall rental community in suburban Golden Gate. The project is financed in part by U.S. Department of Treasury (under Federal Award Number 1505-0271) and Collier County Community & Human Services Division, PGIM’s HUD 221(d)(4) program, Collier’s International, Collier County’s and…
Casa Amigos Apartments Opening Soon
Rural Neighborhoods will open its new Casa Amigos apartments in Immokalee in October. Centered around a courtyard, the new development has 24 units, each with 2 bedrooms and 2 baths. The apartments are located at 2687 Amigo Way and serve both non-farmworker and farmworker families. Rents range from $674 to $1,123 per month including water,…
NeighborWorks America and LISC Join Hatchers Celebration
“Hatchers remains a small rental community, but there is no place we work where the sense of partnership has been greater than in the building these 18 units,” remarked Rural Neighborhoods President Steven Kirk as he opened the celebration of Hatchers Preserve. “Local government’s generosity was unmatched, and national partners, too, joined in to make Hatchers a more livable place not simply bricks and mortar.” Mr. Paul Weech, President of NeighborWorks…
We’re growing in Westchester!
More than a decade ago Rural Neighborhoods unsuccessfully sought a unique parcel in west Miami-Dade shared at the time with the U.S. Post Office. Now, 15 years later, Rural Neighborhoods has purchased the General Partner interest in the 55-unit senior living community as it continues to serve the neighborhood post-tax credit expiration. La Cabana and…