Southwest Florida Affordablehousing Choice Foundation Inc

The agency is the managing general partner in two mixed finance partnerships: 1% ownership in each. The developments, placed in service in 2014, consists of 212 units of acc public housing and contract based section 8 units for low income persons/families. The developments are east pointe place and the landings at east point. Excess cash, per the partnership agreements, is distributed to the agency annually. These funds are used to continue the mission of developing affordable housing for low and moderate-income families/persons. The agency is currently working to develop 3 additional mixed financed properties. 1. The foundation purchased land in june 2022 to replace the royal palm public housing facility with a new senior facility on this purchased land. New facility is currently under design in 2023. 2. The agency has been awarded tax credits to build phase ii of east pointe place and has placed the credits in service in december 24. 3. The agency has returned the awarded tax credits to rehabilitate the public housing facility bonair towers. We are planning for/to build back on the original site and seek funding through the state arpa program. 4. We have closed on march 27, 2024. The offsite component on cleveland avenue with our developer partners to build 92 tax credit units in conjunction with the choice neighborhood implementation grant awarded by hud. The units are anticipated to be placed in services by march 1, 2026.