Dominium has announced plans for two new affordable housing communities.
In Holiday, Florida, the national affordable housing developer and owner is starting construction on Cobia Cove, which will bring 228 affordable homes to the Tampa Bay metro.
The apartments will include in-unit washers and dryers, granite countertops, vinyl plank flooring with bedroom carpeting, and Energy Star-rated appliances.
“From the suburbs of Orlando to the beaches of South Florida, Dominium and our committed partners are fulfilling the need for affordable housing across the Sunshine State,” said Katessa Archer, vice president and project partner at Dominium. “We’re proud to introduce Cobia Cove to this community as an important addition to families in the area.”
The approximately $95 million development is supported by low-income housing tax credits (LIHTCs). Funding partners include Deutsche Bank, PNC, Freddie Mac, Pasco County Housing Finance Authority, Seltzer Management Group, and Florida Housing Finance Corp.
The firm also recently announced that it has closed a deal to acquire land to build an affordable housing community in Reno, Nevada.
Dominium’s first development in the state, Skyline Flats will provide 402 apartment homes. Planned amenities include a clubhouse, a fitness center, a pet park, children’s playgrounds, rooftop solar panels, 34 acres of natural open space, and expansive views of the surrounding area. Skyline Flats will be constructed by Metcalf Builders.
Construction of Skyline Flats will be supported by LIHTCs.
Development partners include Freddie Mac, KeyBank, Barclays, U.S. Bancorp Impact Finance, Stonehenge Capital, Nevada Housing Division, Winthrop & Weinstine, Metcalf Builders, Todd & Associates, Wood Rodgers, and Commercial Partners Title.