Gulf Breeze Apartments

Property Information:
171 units of Family Rental, New Construction. Consists of 1, 2, 3 and 4 bedroom apartments. That are Public Housing, LIHTC and Market Rate. Gulf Breeze was completed in 2008.

Financing:
4% Low Income Housing Tax Credit, HUD Capital Fund Program, Tax Exempt Bonds, Federal Housing Finance Corporation, Hurricane Recovery Funds

Development Cost: $24 million

Investor/Developer Partner: RBC Bank and Norstar Development USA

Management: Gulf Breeze Apartments is professionally managed by Norstar Accolade Property Management

NOTE: PGHA manages the public housing wait list and provides tenants for Gulf Breeze Apartments.

The Verandas of Punta Gorda I & II

Property Information:
120 units of Senior 55+ Rental, New Construction. Consisting of 1 and 2 bedroom Public Housing, Project Base Voucher and LIHTC. Phase I was completed in 2016 and phase II was completed 2017.

Financing:
9% Low Income Housing Tax Credit, Replacement Housing Factor Funds, HUD Insurance Proceeds, Hurricane Recovery Funds and County SHIP Loan

Development Cost: $23 million

Investor/Developer Partner:
Bank of America, The Community Development Trust and Norstar Development USA

Management:
Verandas of Punta Gorda is professionally managed by Norstar Accolade Property Management

NOTE: PGHA manages the public housing and Project Base Voucher wait list and provides tenants for Verandas of Punta Gorda I and II.

Oak Tree Village

Property Information:
30 unit family Rental, Which consist of 1, 2, 3 and 4 bedroom Public Housing apartments. Oak Tree was built in 1969 and since has gone through many renovations throughout the years.

Financing:
HUD Funding was awarded to PGHA

Management:
Oak Tree Village is professionally managed by the Punta Gorda Housing Authority.

Fitzhugh Commons

Property Information:
4 unit family Rental, New Construction. Which consist of all 2 bedroom apartment homes. Fitzhugh Commons was completed in 2014

Financing:
Charlotte County with Neighborhood Stabilization Program funds.

Development Cost: $450,000

Developer Partner: Charlotte County

Management:
Fitzhugh Commons is professionally managed by Punta Gorda Development Corporation, a Non-Profit Affiliate of PGHA.