Agenda (PDF)

Housing Finance Authority · 2026-07-15 · agenda

The Alachua County Housing Finance Authority is issuing $19,000,000 in Multifamily Housing Revenue Bonds (Fannie Mae MBS-Secured) (Carver Gardens), Series 2026. The bonds will finance the acquisition, rehabilitation, and equipping of a 100-unit multifamily rental housing development known as Carver Gardens Apartments. The project is located at 1101 SE 15th Street, Gainesville, FL 32641. The borrower is Standard Carver Venture LP. The project is intended to be a qualified residential rental project and will be operated as Rental Housing, with a portion of units set aside for low and moderate-income persons. The financing involves a mortgage loan from Regions Bank and tax credit equity from RAH Investor 468 LLC and Sterling Corporate Services LLC. The project is subject to a Land Use Restriction Agreement and a Fannie Mae Rider. The bonds are limited obligations of the Issuer, payable solely from the Trust Estate. The underwriting is being handled by Raymond James & Associates, Inc. The project is expected to be placed in service in accordance with the Indenture of Trust.