6) Gulfstream Apartments, Dania Beach, FL. –
is an acquisition and rehabilitation of 96 apartments and construction of a 70 child preschool, Next Step Preschool, located in a designated Community Block Grant target area and Qualified Census Tract was completed in 2000.
Project financing included:
Construction loan from SunTrust Bank - $3,500,000
Low Income Housing Tax Credit Equity - $2,080,000
Federal Home Loan Bank - Affordable Housing Program Grant of $500,000
Housing Finance Authority of Broward County low interest loan - $100,000
Florida Housing Finance Corp. - Tax Exempt Multi-Family Bonds - $3,500,000
Email: gulfstream@reliancehousing.org
Phone: 954-927-1355
 

 
7) CypressGrove Apartments, Lauderhill, FL. –
is an 814 unit property managed by Reliance Housing Services. CypressGrove Apartments was originally acquired in 2002 utilizing 501(c)(3) tax exempt bonds. Subsequently these bonds were redeemed and replaced by private activity bonds issued by the Broward County Housing Finance Authority. The property was renovated at an approximate cost of $22,000,000.
Email: cypressgrove@reliancehousing.org
Phone: 954-733-5574