Housing Trust Group (HTG) and AM Affordable Housing recently completed Shoreline Villas, a 72-unit affordable housing community for seniors in Fort Walton Beach, FL. Rents range from $587 to $1,300 per month. Located at 302 Dates Avenue NW, the garden-style community offers amenities such as an activity room with catering kitchen and bar; computer stations; theater room; fitness center; swimming pool; putting green; pickleball court ; walking path ; and dog park .
Funding sources for Shoreline Villas included a 9-percent Low Income Housing Tax Credit Equity (LIHTC) of $10.4 million from JP Morgan Chase & Raymond James as Syndicator , along with a construction loan of $11.9 million & permanent loan of$5.1 million both provided by JP Morgan Chase Bank . General contractor HTG Hennessy LLC , architect PQH Group , engineering firm Choctaw Engineering , landscape architect Booth Design Group , interior designer Stiles Interior & Builders Design plus surveyors Panhandle Associates all contributed to the project’s success .
