New Markets Tax Credit Coalition

Search
  • Temple Terrace,
  • FL
  • (2021)

Habitat for Humanity of Hillsborough County

District: Laurel Lee (R-FL15)

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

Investor

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.

-Tina Swain, CEO, Habitat for Humanity of Hillsborough County, Tampa, Florida

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

Missing information? Submit an update or correction.

Other Florida Projects

Boys & Girls Club of Palm Beach County
  • Belle Glande,
  • FL
  • (2019)
  • CDE(s): Florida Community Loan Fund
Construction of 13,860 sq-ft new facility for outreach to low-income youth.
Learn more..
North Florida School of Special Education
  • Jacksonville,
  • FL
  • (2019)
  • CDE(s): CAHEC
New construction 32,000 sq. ft. facility that now houses eight classrooms, four therapy rooms, a library, a fine arts complex, a full-sized gymnasium and a commercial teaching kitchen.
Learn more..
Henderson Behavioral Health
  • Fort Lauderdale,
  • FL
  • (2019)
  • CDE(s): Florida Community Loan Fund
A new 13,860 sq-ft facility reaches an estimated 900 annually with after-school enrichment programs, career training, nutrition education and a garden.
Learn more..
Habitat Pinellas 2
  • Holiday,
  • FL
  • (2019)
  • CDE(s): Hancock Whitney New Markets Fund

Smith NMTC Associates, LLC announced the closing of its latest New Markets Tax Credit transaction to support the development of affordable for-sale homes in Pinellas County, Florida. The deal was

Learn more..