Apartamento El Dorado
Juana Diaz Elderly consists of 83 newly constructed apartment units for rent to elderly individuals. Situated at the edge of the town center, the property is primarily surrounded by single-family residences and various commercial properties, including a medical office, senior center, museum, and four parks within a short distance of the site. Project amenities include intercom security system, first floor community room, multi-purpose room and on-site laundry facilities.
Total development cost of $8,500,000 includes equity from an investor purchasing low income housing tax credits provided by Puerto Rico Housing Finance Authority (“PRHFA”), Puerto Rico Department of Housing (“PRDH”) HOME funds, and a permanent mortgage from PRHFA. Operating assistance is provided by PRDH.