The Tampa Housing Authority, In Partnership with Hillsborough County, a Neighborhood Stabilization Program1 Grantee, (NSP1), Will Break Ground On The Upcoming Newly Designed Cedar Pointe Community.
TAMPA (August 7, 2012) -- As the developer of a LEED GOLD community, the Tampa Housing Authority has partnered with the Hillsborough County Affordable Housing Department, (a Neighborhood Stabilization Program1 grantee), to redevelop a 76 unit multifamily foreclosed property located in unincorporated Hillsborough County. Cedar Pointe Apartments is scheduled to be completed fall of 2013 and will consist of 84 new 1, 2, and 3 bedrooms with 52 completed within the first phase of the project. The groundbreaking commencement will take place on August 22nd at 10:00 a.m. upon the Cedar Pointe grounds; located at 5409 Temple Palms Avenue, Tampa, Fl. 33617.
This community will be 100 percent affordable with 44 affable units and 8 public housing units. There will be an on-site management office and community center, as well as, washer/dryer ‘hook-ups’, balconies, storage space, a playground, a splash pad area and a dog walk park. This redevelopment project is estimated to cost more than $5 million dollars with most of the funds provided through the Neighborhood Stabilization Program1 grant. This development opportunity will also allow for various job opportunities through local contracting partnerships.
“As the only not-for-profit developer in Hillsborough County, the Tampa Housing Authority is again revolutionizing the face of public housing,” says Jerome D. Ryans, President and CEO.
The purpose of the Neighborhood Stabilization Program1 grant (NSP1) is to address the foreclosure crisis through the purchase and redevelopment of abandoned or foreclosed properties to deter neighborhood decline, while assisting persons and households of low, moderate and middle income with affordable housing opportunities.