Housing Trust Group and Mount Hermon African Methodist Episcopal Church Inc. have secured financing to construct a new affordable housing community, Mount Hermon Apartments, located at 750 Northwest 4th Street in the Dorsey Riverbend neighborhood of Fort Lauderdale. Designed by Miami-based REPRTWÄR with interiors by B. Pila Design, the 7-story development will offer units reserved for income-qualifying seniors aged 62 and above whose income falls at or below 25 and 60 percent of the area median income (AMI) with rents ranging from $425 to $1,225 per month. HTG Gomez Construction is the general contractor, and Thomas Engineering is the civil engineer and landscape architect. The project is expected to be completed in late 2024.
Mount Hermon Apartments. Designed by REPRTWÄR.
Totaling $43.5 million, funding sources for Mount Hermon Apartments include $32.6 million in 9% Low-Income Housing Tax Credit equity syndicated through Raymond James, a $33 million construction loan from TD Bank, a $7.536 million permanent loan from Berkadia and Freddie Mac, and a $640,000 loan from the City of Fort Lauderdale.
“The need for affordable housing in Broward County has become a critical issue,” said Matthew A. Rieger, President and CEO of HTG. “We are particularly grateful to be building Mount Hermon Apartments with the help of our committed partner, Rev. Dr. Henry E. Green Jr. and the Mount Hermon AME Church. As a pillar in the community, Rev. Green’s participation and support is instrumental to the long-term success of this development and helping address the demand for affordable housing options for the seniors of Broward County.”
Mount Hermon Apartments. Designed by REPRTWÄR.
Mount Hermon Apartments. Designed by REPRTWÄR.
Mount Hermon Apartments will feature a variety of one- and two-bedroom units ranging from 650 to 950 square feet. Residents will have access to numerous amenities, including a rooftop pool and deck with lounge seating, a modern fitness center, a multipurpose clubroom with a kitchenette, and an outdoor community gathering spa. Residents will also receive various support services, including 24-hour resident assistance and a resident assurance check-in program, adult literacy training, and assistance with light housekeeping, grocery shopping, and laundry.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Wonderful to see affordable housing being built in Fort Lauderdale for those in need. Nicely designed building, as well
Great to see.When will it start taking applications ?
Hello when will you be taking applications? I would like to live in that building. Thank you.
Will be seniors only,are will you able to bring son,are daughter. That’s helping you financially.
I would like application for the new senior building at 750 nw 4th st I am 75 yrs old and my disable daughter age 51 lives with me please let me know when we can apply for a 2 bedroom apt thank you
I’m a Louisville resident looking for senior housing in Florida. I’m interested in relocating as soon as possible. When will applications be available? I need this like yesterday! Please please contact me with information. Thank you 😊
Good afternoon, I would love to live in a beautiful place like this. when can i apply? i need a 1 bedroom. Thank you
I’m interested! Where do I apply?
When can I apply
Laver Victor July 27,2023 6:37 Repy
WHEN CAN I APPLY
Hello, I am interested in a one bedroom apartment and can you send me a email back about the apartment.
Very nice apartment. I love it. Looking nice for senior housing. So that’s reason why I am applying for one bedroom apartment.
I HOPE YOU WILL HAVE ROOM A DISABLED COMBAT VETERAN !!!