La Estancia

La Estancia was funded in FHFC RFA 2020-104 SAIL Financing Farmworker and Commercial Fishing Worker Housing. Originally built in 1997, the community serves the housing, services, and outreach needs of Farmworker families working throughout Hillsborough and surrounding counties. Acquisition of the property and ownership interests closed May 2021 and funding closed in August 2021. Sources for this development are a conventional loan from Neighborhood Lending Partners for the acquisition, and SAIL, Hillsborough County MMRB, and 4% LIHTC for the rehabilitation. The Rehabilitation reached substantial completion in September 2022. La Estancia is managed by Professional Management, Inc.