DDA Development announces the completion and ribbon-cutting of the newly completed Graham at Gracepoint (“The Graham”) apartments, located at 2400 East Henry Avenue, Tampa, Florida 33610. The development was completed in partnership with Gracepoint Community Development, LLC.
The development was funded using 9% tax credits secured through the Florida Housing Finance Corporation (“FHFC”) and syndicated through Alliant Capital of Woodland Hills, California. FHFC also provided a $4,500,000 SAIL loan to construct this new development.
The Graham is located adjacent to Gracepoint’s campus in Tampa’s Seminole Heights East Neighborhood, and features ninety (90) one-bedroom/one-bath units and two bedroom/two bath units situated on a 4+ acre site. Additional amenities include a gym, library, beauty-salon, commercial kitchen, dining area that seats 60, clubroom, bocce court, large veranda, and 8k+ sf of administrative space occupied by Gracepoint and used to provide permanent supportive services to the residents.
The units are targeted to eligible persons who qualify as “at risk” homeless and/or seniors whose incomes qualify as “very-low” under HUD limits (60% of Area Median Income (“AMI”) or less).