BRANDENTON, FL – Housing Trust Group (HTG), Florida’s leading affordable housing developer, has begun leasing for Oaks at Lakeside, a new 96-unit affordable housing development located at 3505 53rd Avenue East in Bradenton, Florida. The development is scheduled to be fully completed and open by December.
Apartments at the new development are set aside for households with incomes ranging from $16,080 to $62,160 annually. The one-, two- and three-bedroom apartments are available for income-qualifying residents. Rent prices range from $335 to $1,270 a month. Prospective residents interested in leasing should contact oaksatlakeside@htgf.com.
The new $18.2 million multifamily community was made possible through the use of Low Income Housing Tax Credits (LIHTC), a federal program administered through the State to provide financing for the development of affordable housing. Bradenton, like many parts of Florida, has a severe deficit of apartments for those in the lowest income brackets. The project must meet affordability criteria for 50 years.
The unit mix at Oaks at Lakeside has been implemented within four three-story buildings, each with 24 units, on 16.3 acres of land. The 96 apartments including one, two- and three-bedroom units range from 673 to 1,150 square feet. Amenities at Oaks at Lakeside include a 4,300-square-foot clubhouse, a swimming pool, a picnic and barbecue pavilion, a dog park, a playground and gazebos.
HTG has delivered over 7,000 affordable apartments to Florida residents since its inception, and currently has several other affordable communities under development across the Southeast.