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.
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.
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.
9% Low Income Housing Tax Credit, Replacement Housing Factor Funds, HUD Insurance Proceeds, Hurricane Recovery Funds and County SHIP Loan
Development Cost: $23 million
Bank of America, The Community Development Trust and Norstar Development USA
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
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.
HUD Funding was awarded to PGHA
Oak Tree Village is professionally managed by the Punta Gorda Housing Authority.
4 unit family Rental, New Construction. Which consist of all 2 bedroom apartment homes. Fitzhugh Commons was completed in 2014
Charlotte County with Neighborhood Stabilization Program funds.
Development Cost: $450,000
Developer Partner: Charlotte County
Fitzhugh Commons is professionally managed by Punta Gorda Development Corporation, a Non-Profit Affiliate of PGHA.