LADY LAKE, FL – ConcordRENTS announced the opening of Lake Sumter Apartment Homes, an affordable $ 28.7 million community apartment made up of 158 apartment buildings representing 40% -80% of the area's median income. Located just minutes from Lake Sumter Landing at The Villages, Lake Sumter Apartment Homes is Sumter County's newest affordable community in 16 years.
Lake Sumter Apartment Homes is dedicated to providing safe, high quality housing to meet the growing needs of Sumter County's families. The community will appeal to the most discerning of preferences, including traditional three-story garden-style buildings as well as unique carriage houses over garages. Each home will be fully equipped with granite surfaces and energy efficient CleanSteel equipment as well as other modern finishes. By offering more 3 and 4 bedroom homes than most other shared apartments, it caters to larger families and those who want extra space for a guest room or home office. Residents can also take advantage of the community's amenities, including a business center, heart-healthy cardio and fitness center, a walking trail along the community pond, and a dog park.
The Villages is one of the largest age-restricted active adult communities in the country. Spanning 3 counties and 20,000 acres, it is filled with over 100 miles of legal golf cart roads and lanes. This community of more than 55 people has three city courses, 60 leisure centers and 12 championship golf courses, including the famous "Palmer Legends". The Lake Sumter Apartment Homes are just minutes from the epicenter.
Lake Sumter Apartment Homes is the first affordable phase of a three-phase housing development with 334 apartments. Funding for Lake Sumter Apartment Homes will come from $ 14.3 million tax-exempt bonds issued by the Housing Finance Authority of Volusia County and $ 10.85 million equity from the sale of tax credits for Residential real estate allotted by Florida Housing Finance Corporation and others through sources provided by developer Atlantic Housing Partners, LLLP
ConcordRENTS is a nationally leading company for high-quality, customer-oriented real estate management of affordable multi-family rental apartments. ConcordRENTS monitors over 100 properties in Florida.
Source: Matches
