Description: Atlantic Grove is the first major private development on West Atlantic Avenue, located just west of the world-class Delray Beach Tennis Center, and one-quarter of a mile west of downtown Delray Beach, Florida.    

Features: Atlantic Grove is a mixed-use, mixed-income redevelopment project, consisting of fifty-five (55) for-sale townhouses and two (2), 3-story, commercial buildings, with retail on the first floor, offices on the second floor, and twenty (20) residential lofts on the third floor, overlooking Atlantic Avenue. The townhouses have 2 bedrooms, 2½ baths, and a den, ranging from 1,481 to 1,761 square feet of air-conditioned space with a two-car garage. The commercial component is structured as for-sale condominiums and has 46,000 square feet for office and retail operations.   

Partners: TED Center, Delray Beach CDC, New Urban Communities, Wachovia Bank, Florida  Community Loan Fund, Business Loan Fund, FannieMae, Palm Beach County/HCD, Delray Beach CRA, South Florida LISC.

Development Cost: $16.7 Million | LISC Investment:$6 Million

Description: “The Courtyards” at 504-510 24th Street, West Palm Beach, Florida, is a small-scale mixed-used retail, commercial and residential redevelopment project. 

Features: Mediterranean in design, the project contains 3,530 square feet of commercial/retail space on the first floor.  The second story, a 1,584 square feet addition, includes two residential apartments. Now complete,  Northwood Renaissance’s office headquarters, including a home ownership & small business support center, occupy 1,530 square feet.  A special feature of the building’s design is a central community courtyard.  The landscaped courtyard is an amenity that  attracts quality tenants and serves as an urban green space. In addition, the Courtyards is a resource to the community for special events and functions.

Partners: Northwood Renaissance, Fidelity Federal, FHLB of Atlanta (EDGE Program), South Florida LISC.

Development Cost: $600,000  |  LISC Investment: $422,457

Description: Belle Glade Renaissance is an infill housing project  in the City and  small subdivision project of Covenant Gardens  in Belle Glade, Florida. Phase I will include a total of 22 single family homes and is completed. Despite  price increases, with   housing sizes of  1,574 square feet to 1,919 square feet, these units are the most affordable in the western communities. There will be a total of 100 affordable single family homes after completion of the project.

Features: Single Family Home, 3/2 from 1,574 to 1,919 square feet with new appliances and 2-car garage.

Partners: NOAH Development, City of Belle Glade, Community Financing Consortium, Wachovia Bank, South Florida LISC.

Development Cost: $3.2 Million |LISC Investment: $597,896

Description: Harding Village is a tax credit conversion located at 8520 Harding Avenue, Miami Beach, Florida. Harding Village consists of four renovated buildings that were built in 1950 and were operated as a motel. The acquisition and rehabilitation of the property will create safe and comfortable apartments where formerly homeless individuals can live independently while having support services readily available. Projected rents for the 74 homeless units are 75 percent below fair market rents, and 72 percent below tax credit rent limits. Projected rents for low-income units are equal to tax credit rent limits, and   estimated at 10 percent below market rents.

Features: Project amenities include parking, a laundry room, community meeting space, and offices for support service staff. First floor apartments have primarily courtyard entries and many second-floor apartments have wrap-around balconies. Unit amenities include a kitchenette, air conditioning, a microwave, and a ceiling fan.

Partners: Carrfour Supportive Housing, The Carlisle Group, South Florida LISC/National Equity Fund.

Development Cost: $8.7 Million |LISC Investment: $4.1 Million