Habitat for Humanity of Hillsborough County

Temple Terrace, FL (2021)

Habitat for Humanity of Hillsborough County

Affordable Housing, Habitat for Humanity

Hillsborough Habitat used NMTC financing to complete the development of 25 homes in the Tampa area.

Investment

NMTC Amount: $1,728,895
Total Project Cost: $5,215,000

IMPACT

30 construction jobs
Development of 25 affordable homes.

CDEs

Habitat for Humanity

Investor

US Bank

Project Description

HILLSBOROUGH HABITAT is using an $1.69M loan to complete the development of 25 homes in the Tampa area. The homes are aesthetically complimentary to the local neighborhoods and designed for resilience and long-term sustainability relative to hurricane insurance costs, energy and water efficiency, and product durability. The homes are located in three different areas of Hillsborough County including “infill homes” in East Tampa, a townhome community in Brandon, and a new community of 12 single family homes in Temple Terrace.

MAP

Address: 9603 Silvio Palms Lane, Temple Terrace, FL 33617

Census Tract: 12057010401

Voices from the Community

We were able to gain over $200,000 in our last NMTC deal. This helps us to provide additional units of affordable housing in our community. Having different tools in our fundraising toolbox is what makes affordable housing possible.

-Tina Forcier, Habitat for Humanity of Hillsborough County FL, Inc., Tampa, FL

We have been waiting for the opportunity to participate in an NMTC deal so we can expand affordable housing in Tampa. With more than 40% of our households cost-burdened, we need to act using all tools available to us.