5) Windermere Apartments, Brandon, FL. – construction and lease up of a 352 unit mixed income family community was completed in 1999 in Hillsborough County. Reliance owns a 51% general partnership interest in this development. The Wilson Company, is the other general partner.
Project financing included:
Low Income Housing Tax Credit Equity - $11,137,500
Permanent Mortgage from First Union Bank - $12,276,100
Local Government Contributions - $ 1,120,000