Two developers have secured nearly $77 million in financing for an affordable housing project currently undergoing construction in Hollywood.
Villa Jordana is set to measure more than five stories above grade and comprise 96 units, reserved for low-income seniors aged 62 years and older. Specifically, residency would be available to those earning between 33 to 60 percent of the area median income (AMI).
Under these parameters, rent would be capped at $1,555 a month – well below the average cost of rent in Hollywood. RentCafé reports that the average rent of an apartment in Hollywood is currently $2,198 a month, a 2.53 percent increase from 2025.
The site formerly hosted an automotive building (pictured). Image from Google Earth
Amenities at Villa Jordana will include (but aren’t limited to) a resort-style swimming pool with barbeque stations, along with a fitness center. There will also be on-site services to assist with housekeeping, laundry, and maintenance.
Housing Trust Group and AM Affordable Housing are the two developers. The former purchased the project’s 35,030-square-foot property for $3.6 million in 2024. AM Affordable Housing is a Miami-based non-profit founded by former NBA player Alonzo Mourning.
Coral Gables-based Realization Architects designed the community. Ballast Construction is the general contractor and intends to finish Villa Jordana in spring 2026. It’s unfolding at 826 S Dixie Hwy, Hollywood, FL, 33020, in Broward County.
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