HTG Opens 96-Unit Affordable FL Community

The developer invested $18.5 million in Freedom Gardens, a four-building project in the Central Florida city of Brooksville. HTG currently has four affordable communities under construction in the state.
The Freedom Gardens in Brooksville, Fla.

The Freedom Gardens in Brooksville, Fla.

Housing Trust Group celebrated the grand opening of Freedom Gardens, a 96-unit, $18.5 million fully affordable housing community in Brooksville, Fla. Freedom Gardens is the first phase of a two-phase development. The second phase, due to begin in 2018’s first quarter, will deliver an additional 94 units. Freedom Gardens achieved a green building certification under the National Green Building Standard. 

Located at 932 Freedom Way, the garden-style resort community includes high-quality, affordable apartments. According to Yardi Matrix data, the asset features 32 one-, 32 two- and 32 three-bedroom units. Amenities include:

  • 4,806-square-foot clubhouse
  • 1,000-square-foot swimming pool
  • after-school care
  • laundry facility
  • exercise room
  • walking path
  • central community gathering area
  • pet park
  • jogging path

Need for affordable housing

Freedom Gardens will serve the much-needed housing market for working families with rents ranging from $400 to $880 per month. The asset was 100 percent leased upon opening.

“There is a dire need for safe, clean and affordable housing in Brooksville and throughout the Tampa area, where skyrocketing rents are putting people with low and middle incomes at a great disadvantage. Freedom Gardens will ease the burden on 96 families, making it possible for them to set aside money for education and other vital needs,” said HTG President & CEO Matthew Rieger, in a prepared statement.

HTG has four other affordable housing communities under construction in Florida, including Park at Wellington Phase I and Phase II in Holiday, Arbor View in Margate and Covenant Villas in Belle Glade. Two market-rate developments outside Florida are also underway—Forest Cove in Chattanooga, Tenn., and Aviva in Mesa, Ariz.

Image courtesy of Housing Trust Group