Hudson, Fla. – (June 2, 2025) – McDowell Housing Partners (MHP), a leading affordable housing development and investment company, announced the financial closing to build the first phase of Ekos at Bayonet Point, a three-phase master-planned affordable housing community comprising a total of 360 units. Ekos at Bayonet Point is located along the west side of Lakeshore Boulevard, one block away from Bayonet Point Regional Medical Center in Hudson, Pasco County, Florida.
“We are thrilled to close the first phase of Ekos at Bayonet Point, our first affordable development in Pasco County, and the first phase of a three-phase master planned development that will include a mix of affordable Senior and Family apartments and loads of amenities in a prime location,” said W. Patrick McDowell, Chairman & CEO of McDowell HousingPartners. “Phase II of Ekos Bayonet Point is in final plan review and scheduled to close in early 2026. We remain committed to building affordable housing to meet the growing demand in fast-growing Pasco County and other areas across Florida.”
Located at 7555 McDowell Way, Ekos at Bayonet Point Phase I will deliver 114 senior apartment homes in a four-story elevator-serviced building, providing much-needed housing options to seniors with incomes at or below 60% of the Area Median Income (AMI). The project will provide well-appointed one-bedroom, one-bath units ranging from 650 to 700 square feet and will be a green building certified under National Green Building Standards and include a photovoltaic solar system. Each spacious apartment will offer many energy efficiency features, including energy-star rated appliances, low-flow plumbing fixtures, SEER 15 HVAC systems, LED lighting and more. Enhanced community amenities will feature a standalone clubhouse with a large pool, dog park, fitness center, arts and crafts area, and computer lab. Ekos at Bayonet Point is expected to be completed in the third quarter of 2026.
The development was financed with 9% housing tax credits issued by Florida Housing Finance Corporation and purchased by Truist Community Capital, National Housing Trust Funds, Pasco County Community Development HOME loan, Truist Bank construction loan, and Freddie Mac permanent loan originated by Grandbridge Real Estate Capital
The second phase of development, Ekos at Bayonet Point Phase II, is currently in the final design phase and will include 120 additional senior affordable units. Ekos at Bayonet Point Phase III is currently in the planning stages and will add 126 affordable units available to families and individuals of all ages. When complete, the Ekos at Bayonet Point master-planned community will feature 360 affordable apartments, further contributing to the attainable housing supply throughout Pasco County.
About McDowell Housing Partners
McDowell Housing Partners (MHP) is a preeminent investor and developer of affordable housing. Founded in 2019, MHP has already secured competitive funding for twenty-two new affordable communities comprising over 3,100 units across Florida and Texas. The vertically integrated team at MHP works closely with local governments and community stakeholders to address the shortage of high-quality affordable housing options for families and seniors, ensuring access for individuals of all socioeconomic backgrounds. For more information, visit www.mcdprop.com.
