Type of Housing
Senior Rental, New Construction
Development Cost
$19 million
Financing
4% Low Income Housing Tax Credits
Lee County HFA Tax Exempt Bonds
SAIL Loan & Supplemental ELI Loan
HUD HOPE IV Funds
Norstar Role
Developer/Owner
Partner
Fort Myers Housing Authority
Completion Year
2009
Received honorable mention recognition for overcoming obstacles in the Journal of Tax Credit Housing’s 2010 “Developments of Distinction” competition.
Norstar Building Corporation Role
General Contractor in conjunction with a local contractor
Norstar Accolade Property Management Role
Property Manager