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**Housing Trust Group Launches Affordable Senior Housing Community in Fort Lauderdale**
Housing Trust Group (HTG), in partnership with Mount Hermon African Methodist Episcopal Church, has begun accepting tenants at the newly opened Mount Hermon Apartments—a 104-unit affordable housing community for seniors aged 62 and older in Fort Lauderdale.
Located at 750 NW 4th Street, the $43.5 million development offers one- and two-bedroom apartments for income-qualified residents earning at or below 25% and 60% of the area median income (AMI). Rents range from $433 to $1,422 per month.
The seven-story complex is designed with modern amenities to enhance the quality of life for its residents. Community features include a rooftop terrace with a walking path, lounge seating, and outdoor kitchen, along with a fitness center, multipurpose clubroom, second-floor gathering space, and several on-site services.
Financing for the project includes $32.6 million in 9% Low-Income Housing Tax Credit equity syndicated through Raymond James, a $33 million construction loan from TD Bank, a $7.5 million permanent loan through Berkadia and Freddie Mac, and a $640,000 loan from the City of Fort Lauderdale.
Project partners include HTG Gomez Construction as the general contractor and architecture firm REP-R-TWAR.
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