Parramore Oaks recently won the silver award from the National Association of Home Builder’s “Best in American Living” national affordable housing award for 2024 recently announced at the International Builder’s Show in Las Vegas.
Parramore Oaks Phase Two, 91-units, has been completed and is fully leased.
The development is in a similar style to Phase I as to the unit and building design. There are eleven 1-Bedrooms, fifty-eight -2-Bedrooms, and twenty-two 3-Bedrooms. There is a range of income levels including 30, 40, 60, and 80% of AMI.
The architect is Forum Architects, civil engineer is Hamilton Engineering, and General Contractor is First Florida Constructors. The equity provider will be Truist, construction lender Truist, and the permanent loan will be with Churchill Stateside. Financing includes 4% tax credit equity, CDBG-DR Funds, City of Orlando Funds, with bonds from Florida Housing.
Asset Living, the current Property Manager on Phase I, will be the manager for Phase Two.
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