HTG QUESTIONS FOR NEW DEVELOPMENTS PRESS RELEASES
What is the exact name and address of the property?
Hudson Village; 901 S Federal Hwy, Hollywood, FL 33020
Describe the property (# of units, square feet, type, etc.)
8-story high-rise with 96 spacious rental units with balconies. The unit mix is 54 one-bedroom/one-bathroom units with an average size of 748 SF and 42 two-bedroom/two-bathroom units with an average size of 1,087 SF.
Describe the property amenities (clubhouse, pool, etc.)
- 4th Floor, 6,000-SF Pool Deck which includes a large resort-style swimming pool, trellis-covered BBQ area with sink, lounge chairs and planters.
- Ground Floor:
- 2,260 SF Clubhouse/Multi-Purpose Room with a catering kitchen and bar, media center, ping-pong table and pool table with access to a 695 SF exterior terrace.
- Over 800 SF Lobby Area with a community media room, seating areas and foosball table.
- 1,293 SF Fitness Center with free weights and a Yoga Studio Room
- Amazon Parcel Room
- Bike Storage Room
- 1.28 parking spaces per unit in a 3-story podium parking (122 spaces total)
- Trash chutes with incorporated recycling
What is the exact name and address What is the affordability breakdown (i.e. 30 % AMI, market rate, etc.)
30% AMI, 60% AMI and 70% AMI (affordable and workforce levels)
What is the exact name and address of thWhat is the all-in price of the property? (I.e. value of land, construction, etc.)
$36,015,665
Please describe the funding sources – i.e. tax credits used, who bought the tax credits, as well as additional loans taken, and sources of soft financing. Total of financing.
$26 Million in 9% Tax Credits from Florida Housing Finance Corporation syndicated through Raymond James Tax Credit Funds; $27,900,000 Construction Loan from Chase Bank; $9,745,000 Permanent Loan from Walker & Dunlop through Freddie Mac.
If this was a public-private partnership, please indicate the partner that should receive credit.
N / A
When is construction slated to begin/complete?
June 2020
When is leasing slated to begin?
June 2021
What is the range of monthly rent?
$501 to $1,169 for 1bed/1bath; $601 to $1,403 for the 2bed/2baths.
If residents receive any services (i.e. childcare) as part of community, please indicate.
Residents services include: Adult Literacy Program, Employment Assistance Program and Financial Management Program.
Who is the contractor, architect, engineer, landscaper (i.e. full design/construction team)?
Contractor: HTG Gomez Construction, LLC
Engineer: Thomas Engineering
Architect: Corwil Architects
Landscape: Witkins & Hultz