Type of Housing
Family Rental, New Construction
Development Cost
$48.8 million
Financing
9% Low-Income Housing Tax Credits
HUD HOPE VI Funds
FHFC ELI Supplemental
FHFC TECP
TCAP
City HOME Loan
FHLB AHP
Investor
RBC / Richman / Bank of America
Norstar Role
Developer/Owner
Partner
Housing Authority of the City of Fort Myers
Completion Year
Phase I: July 2011
Phase II: November 2011
Phase III: February 2012
Phase IV: May 2016
Norstar Building Corporation Role
General Contractor in conjunction with a local contractor
Norstar Accolade Property Management Role
Property Manager