Verandas of Punta Gorda – Phase I and Phase II

Punta Gorda, Florida

The Verandas of Punta Gorda is a two-phase, 120-unit senior housing community. The Verandas was a partnership with the Punta Gorda Housing Authority (PGHA) and was financed with 9% Low Income Housing Tax Credits ($1.005 tax credit pricing for Phase I and $1.015 for Phase II), HUD capital funds, PGHA funds, and Charlotte County SHIP Funds. The total development cost including both phases was $22,953,000. Verandas of Punta Gorda serves tenants at 60% AMI and lower and is an NGBS Silver certified green building that also features Florida Water Star and Florida Friendly Landscaping certifications. Verandas of Punta Gorda partners with the Charlotte County Homeless Coalition for resident referrals. We completed Phase I in 2017 and Phase I in 2018. Unit sizes include 1BR – 555sf and 2BR – 971 sf, which are contained in a two-story garden style building. This project was completed on-time and on-budget.