McDowell Housing Partners (MHP) has secured financing for the first phase of Ekos at Bayonet Point, a master-planned affordable housing community located in Hudson, Pasco County, Florida. The full development will include 360 apartment units spread across three phases.
Phase I of Ekos at Bayonet Point will feature 114 senior apartment homes within a four-story building, designed to serve older adults earning at or below 60 percent of the Area Median Income (AMI). Residents will benefit from a wide range of amenities including a standalone clubhouse, large swimming pool, fitness center, dog park, arts and crafts area, and a computer lab.
The project is slated for completion in the third quarter of 2026.
Financing for the development includes 9% housing tax credits issued by the Florida Housing Finance Corporation and purchased by Truist Community Capital. Additional funding comes from a construction loan provided by Truist Bank, along with a permanent loan from Freddie Mac, originated by Grandbridge Real Estate Capital.
