Oakland Terrace

Oakland Terrace

Description

In 1971, a neighborhood church built the Oakland Terrace Apartments on the former site of the Boylan-Haven School – a site of special significance to the community. Founded in 1886 as Boylan High School, the health training program led to the founding of Brewster Hospital, one of the first such institutions to serve African -Americans in Florida and among the earliest of its kind in the South.

After acquiring the property, Ability Housing undertook a substantial rehabilitation of the 42-year old buildings. Now, the high-quality and affordable apartments are providing safe, stable homes to low-income individuals and families. With a brand-new playground, provided by KaBOOM! and Humana, children can learn and grow at Oakland Terrace.

DEVELOPMENT COST

$10.7 million

SITE

2.02 acres

60 units

6 residential buildings Community room

Computer lab

On-site laundry facilities

ARCHITECT

Steven E. Hutchins Architects, Inc.

CONTRACTOR

The Dantzler Group, Inc.

FINANCING
  • Federal Housing Administration: 223(f) Mortgage
  • Florida Housing Finance Corporation:
    Low Income Housing Tax Credit Allocation
  • Local Initiatives Support Corporation
  • National Equity Fund: Tax Credit
    Syndicator
  • TD Bank: Construction Lender