AMBER GARDENS SURTAX REDEPLOYMENT

Housing Committee · 2026-04-14 · resolution

This legislative matter involves the approval of loans totaling $3,825,000.00 from Documentary Stamp Surtax (SURTAX) program funds for three separate affordable housing developments. The funds were redeployed from a previously completed project, Amber Garden, LLC. The approved loans are: $1,200,000.00 to Brownsville Village V, Ltd. for the Brownsville Village V housing development (120 units); $1,000,000.00 to Northside Property III, LLC. for the Northside Transit Village III housing development (200 units); and $1,625,000.00 to Perrine Apartments II, Ltd. for the Perrine Village II housing development (150 units). The resolution authorizes the County Mayor or designee to execute necessary loan commitments, contracts, and other documents. The matter was adopted by the County Commission.