Oakland Terrace Apartments

In 1971 a neighborhood church built the Oakland Terrace Apartments, a HUD-assisted property. These apartments have a special significance to the community because it was built on the location of the former Boylan-Haven School, which was founded in 1886 as Boylan High School. The school's health training program led to the founding of the Brewster Hospital - which was one of the first such institutions for African-Americans in Florida and among the earliest of its kind in the South.

Unfortunately, the school was closed in 1959 and the building was demolished in 1971. The Oakland Terrace Apartments were built in its place. After a thorough stabilization and rehabilitation process, these residences are once again high-quality housing where families can find shelter and rental assistance. And with a brand-new playground, provided by KaBOOM! and Humana, children can learn and grow at Oakland Terrace again.

SITE:
2.02 acres
60 units
6 residential buildings
1 community room
1 computer lab
On-site laundry facilities

For available rental units, call 904-355-8223
887 Franklin Street, Jacksonville, FL 32206

 

DEVELOPMENT COST

$13.9 million

SITE

• 2.02 acres

• 60 units

• 6 residential building

• 1 community room with computer lab

• On-site laundry facilities

FINANCING

• Federal Housing Administration 223(f)

• Florida Housing Finance Corporation Low Income Housing Tax Credit Allocation

• Local Initiatives Support Corporation

• National Equity Fund Tax Credit Syndicator

• U.S. Department of Housing and Urban Development

• TD Bank Construction Lender