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Follow on Google News | HTG Breaks Ground on Village Place Senior Housing DevBy: Wragg & Casas Public Relations Affordable housing targeted at seniors over the age of 55, Village Place will include a total of 112 units, including 82 one-bedroom/ Funding for the project came from Broward County Housing in the amount of $125,000 plus U.S. Bank in the amount of $38.6 million through its community development subsidiary consisting of a $13.2 million construction loan, a $3 million permanent financing loan and more than $22.4 million of Low-Income Housing Tax Credit (LIHTC) equity from U.S. Bancorp Community Development Corporation (USBCDC), awarded by Florida Housing Finance Corporation. Village Place’s eco-friendly features include Water Sense certified faucets, toilets and showerheads, low-VOC paint and Energy Star qualified refrigerators in addition to amenities like cable or satellite TV hook-ups, a fully equipped exercise room, a gated community entrance with touchpad entry or security guard and much more. Upon completion, the development will be certified as a Green building by the National Association of Home Builders. End
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