Sarasota, FL According to Gardner Capital, it received a reservation of housing tax credits from the Florida Housing Finance Corp. to help fund the redevelopment of the existing public housing apartments at Amaryllis Park Place in the Newtown neighborhood.
Gardner Capital will partner with Sarasota Housing Authority (SHA) and Duvernay & Brooks, LLC to fund and develop Amaryllis Park Place.
The Amaryllis Park Place redevelopment project, located on Orange Ave. one mile north of the city’s central business district, will provide comfortable, affordable and secure homes for 84 senior families. It will include modern amenities, such as a computer lab, community room for events, secured access entry, community wi-fi, and a fitness center.
The project is part of SHA’s Newtown Redevelopment Plan, intended to revitalize housing in the Rosemary District and Amaryllis Park neighborhoods of Newtown.
“We are delighted to partner with Sarasota Housing Authority and Duvernay & Brooks to redevelop the Amaryllis Park Place apartments and improve the wellbeing of its tenants. We look forward to working with our partners on similar projects in the future,” said Michael Gardner, principal at Gardner Capital.
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