Orlando Mixed-Income Development Secures Financing

An affordable housing team has secured more than $36 million in financing to develop a large mixed-income housing development in Orlando, Fla.

SunTrust Community Capital is providing $22.8 million in LIHTC equity.

The transaction is an important step in allowing LIFT Orlando, in partnership with developer Columbia Residential, to build the 200-unit complex, which will feature 160 affordable homes.

The development, which will be located near Camping World Stadium, home of the Citrus Bowl, will be named Pendana at West Lakes. Features will include state-of-the-art, energy-efficient apartment units, a pedestrian-friendly design integrated into the existing neighborhood, and amenities such as a pool, playgrounds, a fitness center, a business center, and community rooms.

Read the rest of the article at HousingFinance.com »

Tax Credit Senior Apartments Only – Now Leasing for April 2020 Move-ins

Leasing for Tax Credit apartments ONLY at Pendana Senior Residences at West Lakes has begun for move-ins during April 2020. Qualified individuals are encouraged to stop by the Pendana at West Lakes leasing office to apply. Please see below for required...

Story Time with Pendana’s Youngest Dreamers

This month we thought it would be perfect to incorporate the Thanksgiving holiday into our story time. We shared some food with the residents, read a few stories, and made some Thanksgiving cards. We had one of highest turn outs for story time yet. Both...

Not-So-Spooky Trunk-or-Treat at Pendana

Pendana had its first ever Trunk or Treat! A Trunk or Treat is where there are a number of cars who host a game and hand out candy to the neighborhood kids. It's an easy way to connect with neighbors and love on the families. We had around 16 decorated...

Story Time As Pendana Children Head Back to School

We always look forward to story time and being able to connect with kids and parents in the neighborhood. This month we had a teacher, Mrs. Jinelle, come and read some of her favorite books to the kids. It was also exciting since she used to teach at...

Financial Workshop for Pendana Residents

We were so excited to continue the second session of our personal finance workshops. Our volunteers from Money Sense with Goodwill focused on spending, saving, and budgeting. We were happy to have participants who came to our first session, return to...