AIDA PALMS

Aida Palms provides 96 affordable homes for families and individuals of Polk County, Florida. The community is located in the heart of Lakeland, one of Central Florida’s largest cities. Residents enjoy close proximity to public transportation, employment centers, schools, medical facilities, shopping, and more. The property received “green” certification from the NGBS. Residents have access to a resort-style swimming pool, a library, gameroom, clubroom and gym. The property also features a floating solar farm with 429 panels capable of producing 135 Kwh of electricity.

Green Mills acquired the vacant property from a private land seller, serves as the lead developer and manging partner. The Florida Housing Finance Corporation approved a competitive 9% LIHTC allocation in March pf 2015. Financial closing and construction commenced in early 2016 and construction completed in Summer of 2017. Aida Palms is fully occupied; please visit Aida Palms’ website for more information and to join the interest list.

Location Lakeland, Florida
Demographic Family 
No. Units 96
Lender(s) JP Morgan Chase, Florida Community Loan Fund, Polk County
Limited Partner Raymond James Tax Credit Funds
Development Cost $16.5MM
Website www.aidapalms.com