Overcast, 57°
Weather sponsored by:

Bryce Landing delivers housing with monthly rents starting at $380

For Clay Today
Posted 12/31/69

MIDDLEBURG – Housing Trust Group, one of the nation’s largest affordable housing developers, has completed Bryce Landing, a new $21.9 million affordable housing community off County Road 220,

This item is available in full to subscribers.

Please log in to continue

Log in

Don't have an ID?


Print subscribers

If you're a print subscriber, but do not yet have an online account, click here to create one.

Non-subscribers

Click here to see your options for subscribing.

Single day pass

You also have the option of purchasing 24 hours of access, for $1.00. Click here to purchase a single day pass.

Bryce Landing delivers housing with monthly rents starting at $380


Posted


MIDDLEBURG – Housing Trust Group, one of the nation’s largest affordable housing developers, has completed Bryce Landing, a new $21.9 million affordable housing community off County Road 220,

Apartments there are reserved for income-qualifying residents who earn at or below 30-and-60% of the area median income, with rents ranging from $380 to $1,233 a month. The property is currently 100% percent leased.

This is HTG’s fourth affordable apartment community in Florida to open this year and marks its first development in Clay County.

“Parts of North Florida, like Clay County, are in the most need of affordable housing, and we look forward to fulfilling that need and ensuring residents are equipped with quality housing, useful services, and top-notch amenities,” said Matthew A. Rieger, President and CEO of HTG. “We are proud to address this demand and serve the needs of Clay County residents who seek safe and exceptional housing on a limited budget.”

Located at 1914 Bryce Landing Way, the four-building, garden-style community offers a mix of one-, two- and three-bedroom units ranging from 717 to 1,191 square feet. The community’s amenities include a clubhouse with a state-of-the-art fitness center, media center, resort-style pool and cabanas. Additional outdoor amenities include a dog park, a 15,000-square-foot park, a playground, a picnic pavilion and an observation deck for a view of the natural surrounding wetlands. Residents also have access to literacy training, financial assistance, and employment assistance services on-site.

“It’s exciting to see what a positive impact Bryce Landing will have by building affordable housing for the community,” said Tammy Haylock-Moore, Managing Director of Community Development Banking for Chase. “This grand opening comes at a time when housing continues to be in great need and will be an instrumental part in helping solve this crisis while providing on-site services and amenities to all residents, ensuring they have the resources they need to prosper.”

Funding sources for Bryce Landing included a $16.5 million construction loan, a $6.3 million permanent loan, both provided by JPMorgan Chase, and $1.7 million in annual 9% Low-Income Housing Tax Credits provided by Florida Housing Finance Corporation syndicated through Raymond James Tax Credit Funds.

The project team for Bryce Landing was general contractor Kellogg & Kimsey, Inc., architect Fugleberg Koch, landscape architect Wood and Partners and engineering firm CHW Consultants.

Housing Trust Group is an award-winning full-service developer of multifamily residential communities whose real estate transactions exceed $3 billion in commercial, land and residential developments across Florida, Texas, Illinois and Arizona. HTG develops, builds and manages a diverse portfolio of affordable housing, workforce housing, market-rate housing, and mixed-use developments. For more information, please visit www.htgf.com.