2020 – Riviera Beach Housing Authority (“RBHA”) recently celebrated the grand opening of Heron Estates Senior. The 101-unit senior living facility was built on 6.5 acres of a 15-acre site. The project was made possible through a partnership between RBHA and Housing Trust Group (“HTG”). The $23.8 million tax credit/tax-exempt bond project was funded in part by a $10.1 million bond issued by the Palm Beach County Housing Finance Authority, a $5 million loan through a Florida Housing Finance Corporation program to aid low-income housing developers, and a grant from HUD’s replacement housing factor program.
Phase 2 will begin this summer. The 79 units will consist of townhouse-style family workforce housing. RBHA will be partnering with HTG and Gulf Building for this next phase. Saxon Gilmore & Carraway, P.A. served as RBHA’s development counsel for the first phase and will be representing RBHA in Phase 2.
Saxon|Gilmore has developed specialized expertise in matters regarding public finance and in representing housing authorities and related institutions. We have extensive experience with mixed finance projects, including bonds, tax credits, and other government funding. Saxon|Gilmore serves as general and special counsel to numerous housing authorities throughout Florida and acts in a consulting capacity on housing authority projects throughout the country.