Sor Isolina Ferré
Located in Ponce along the southern coast of Puerto Rico, Sor Isolina Ferré involved the new construction of an 80 unit affordable housing community for rent to seniors. In-unit amenities comprising a refrigerator, water heater, range, intercom system and balcony are complimented by property offerings including gated parking, on-site laundry, community rooms, shuttle van for use by tenants, and on-site property management.
Total development cost of $9,760,000 includes equity from an investor purchasing low income housing tax credits provided by Puerto Rico Housing Finance Authority Puerto Rico Department of Housing (“PRDH”) HOME funds. Operating assistance is provided by PRDH.