Palos Verdes Apartments

Palos Verdes Apartments was funded in FHFC RFA 2016-109 SAIL Financing of Affordable Multifamily Housing Developments to Be Used in Conjunction with Tax-Exempt Bonds and Non-Competitive Housing Credits. Sources for this development are State Apartment Incentive Loan (SAIL), Multifamily Mortgage Revenue Bond (MMRB), 4% Low Income Housing Tax Credits (LIHTC), and HOME funding from Osceola County. Bond finance is provided by Barings, with U.S. Bank National Association as Trustee, and Bank of America. Tax credit equity is provided through Bank of America. Osceola County provided an additional $650,000 of HOME funds. Park Place Behavioral Healthcare provides referrals to Personals with Special Needs in need of housing. The community completed construction and achieved 100% occupancy in October 2020. Palos Verdes is managed by AGPM, LLC.