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Tax Credits Awarded 174 Units in Alachua and Miami-Dade
Step one helping 174 households age 55 and older enjoy new affordable housing was successful as Florida Housing Finance Corporation allocated tax credits for Rural Neighborhoods’ Deer Creek Senior Housing in Gainesville and Cannery Row at Redlands Crossing in Naranja. These new, planned rental communities of 62 and 112 units, respectively, are part of RN’s…
Renovations Underway at Sanders Pines
Rural Neighborhoods completed renovations to the first 10 units at its newly acquired Sanders Pines complex in Immokalee. Purchased in late October 2016, Rural Neighborhoods is working with DEC Contracting to renovate all 75 units at the Timber Ridge at Sanders Pines Reserve development. Another five units will be completed by the end of May…
$14.7M Seahorse Cottages and The Avenues Capital Closes
Community Housing Capital, a Decatur, GA Community Development Financial Institution, and Florida Housing Finance Corporation closed $14.7 million in capital to the Rural Neighborhoods – Florida Keys Community Land Trust’s Seahorse Cottages and The Avenues rental communities in March. The planned 31 units will commence construction in April 2022 and serve Keys residents earning 80%…
Cannery Row Wins $3.5M Recommendation
Cannery Row at Redland Crossing, our planned 112-unit senior housing rental community in the Naranja neighborhood north of Homestead, received $3.5M Miami-Dade Documentary Stamp Surtax Program funding in November. This financing — derived from an additional levy on documents that transfer interests in Florida real property — closes the remaining gap in Rural Neighborhood’s $33M,…
Summer Arts Camp at Pepper Ranch
Rural Neighborhoods partnered with EnFamilia from Homestead to offer its first Summer Arts Camp in Immokalee. Collier County Parks and Recreation and Conservation Collier co-sponsored the camp which was held at beautiful Pepper Ranch in Immokalee. The camp served 15 students with the participants learning about visual arts and Mexican folklore/dance. Both organizations have partnered…