LAKELAND, FL (November 18, 2019) | This morning, the City of Lakeland Community Redevelopment Agency (CRA) officially sold property in the Parker Street Neighborhood to Green Mills Group (Ft. Lauderdale, FL) for the construction of 80 affordable apartments. Green Mills Group intends to lease the apartments with rents affordable for those making between 40% and 80% of the area median income (AMI), currently $21,450 – $42,900 for a family of four.
Green Mills Group specializes in affordable housing and leveraged its knowledge of the tax credit marketplace to fund Midtown Lofts. The development will cost approximately $16 million and encompass an entire block. “The Community & Economic Development Team and City Leadership has been diligent in pursuit of additional affordable housing. It shows that we are centered on building a community to improve the quality of life of all of our residents,” said Alis Drumgo, CRA Manager. He elaborated, “Having a reputable partner with a proven track record like Green Mills is a definite win for our community.”