Osprey Pointe will deliver 110 apartments with rents starting at just $502

Pasco County, Fla. (March 9, 2020) – Housing Trust Group (HTG), one of the nation’s largest developers of affordable housing, has begun leasing for Osprey Pointe, a 110-unit affordable apartment community located at 12870 Courtyard Estates Boulevard in Dade City, approximately 45 minutes northeast of Tampa. The community is scheduled to be fully completed and open this May with the first units available in late March 2020.

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 qualifying residents. Rent will range from $502 to $1,044 per month. Prospective residents interested in leasing should contact HTG Management at (800) 226-3445.

“These new apartments will help ease the financial burden on Pasco County’s hard-working families and provide much-needed, high-quality housing to the community,” said HTG President and CEO Matthew A. Rieger.

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, gathering rooms and a 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 $50,000, 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 Southeast.

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.

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