Rents at Osprey Pointe start at $504 per month for income-qualifying residents
Pasco County, Fla. (October 20, 2020) – Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, has officially completed Osprey Pointe, a 110-unit affordable apartment community located at 12870 Courtyard Estates Boulevard in Dade City, approximately 45 minutes northeast of Tampa. The property is already 100% occupied.
Apartments at the new development are reserved for family households earning at or below 60 percent of Area Median Income (AMI) and 40 percent of AMI, with one-, two- and three-bedroom apartments available for rent to income-qualifying residents. Rents range from $411 to $947 per month.
“Pasco County families are hurting from the profound economic impact of the coronavirus pandemic, so the opening of this community could not come at a better time,” said HTG President and CEO Matthew A. Rieger. “Communities like Osprey Pointe provide an important lifeline for families devastated by job losses or other unexpected circumstances and need a safe, clean and secure place to live while they rebuild. We’re grateful to Pasco County and Dade City officials for recognizing the urgent need for more affordable housing here, and working with us to bring this development to completion.”
Apartments at Osprey Pointe range from 675 to 1,151 square feet. Community amenities include a fitness center, tot lot, dog park, ample green space with landscaping recognized as Silver Level by the Florida Friendly Landscaping program, fitness room, Internet Café, gathering rooms and a resort-style swimming pool.
The $32.8 million development was financed through a combination of 4% low income housing tax credits (LIHTCs), a construction loan by Fifth Third Bank and a permanent loan from Key Bank. Pasco County also committed a SHIP loan in the amount of $450,000, and Florida Housing Finance Corporation awarded the development $6 million in SAIL funds and $556,900 in ELI funds.
HTG has delivered over 7,000 affordable apartments to Florida residents since its inception, and currently has several other affordable communities under development across the state spanning from Fort Walton Beach to Miami.
Prospective residents interested in leasing should contact HTG Management at
About Housing Trust Group
Housing Trust Group (HTG) is an award-winning full-service developer of multifamily residential communities with over 7,000 affordable and market-rate units and whose real estate transactions exceed $3 billion in commercial, land and residential developments across Florida, Georgia, Texas and Arizona. HTG develops, builds and manages a diverse portfolio of affordable housing, workforce housing, market-rate housing, and mixed-use developments. For more information, please visit www.htgf.com.