MIDTOWN LOFTS

Midtown Lofts is a mixed-income community with 80 homes serving families and individuals at affordable and market rate income levels. The property was purhased from the City of Lakeland CRA with the goal of creating affordable housing and redeveloping a blighted parcel. Amenities include a clubroom, game room and on-site laundry. Construction recieved NGBS certification. 108 solar panels were installed on the building roof capable of producing 43 Kwh of electricity.

Green Mills acquired the property from the Lakeland CRA, serves as the lead developer and manging partner. A competetive 9% LIHTC allocation was secured from the Florida Housing Finance Corporation under a special and highly competitive ‘Communiity Revitalization’ funding round in the Summer of 2018. Financial closing and groundbreaking occurred in late 2019, and construction completed in early 2021.
Midtown Lofts maintains full occupancy. For more information or to join the community interest list, please visit the property’s website.

Location Lakeland, Florida
Demographic Family 
No. Units 80
Lender(s) Fifth Third Bank, Florida Community Loan Fund, City of Lakeland
Limited Partner Raymond James Tax Credit Funds
Development Cost $16.3MM
Website www.midtownlakeland.com