Selected Projects July 10, 2024

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On July 10, 2024, the Sarasota County Commission convened at 1660 Ringling Blvd. to select projects for the Resilient SRQ Multifamily Affordable Housing Program. Five projects were selected by the board to execute subrecipient agreements. The program has a funding cap of $40 million of which $28,281,908 has been allocated, leaving a balance of $11,718,092. The board will reconvene on September 10, 2024 to decide on how to allocate the remaining balance.

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​Nancy's Village, Community Assisted & Supported Living (CASL) 
Approved: $4,035,115

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• Location: City of Sarasota 

• Minimum # of Units: 20

• Minimum # of Affordable Units: 20 

• Percent of Affordable Units: 100%

• Affordability Period: 40+ years
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Cortina Oaks of Venice, Cortina Development of Venice, LLC

Approved:  $4,010,000

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• Location: Unincorporated South County (Venice)

• Minimum # of Units: 80

• Minimum # of Affordable Units: 41

• Percent of Affordable Units: 51%

• Affordability Period: 21-29 years

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Ekos at Arbor Park II, McDowell Housing Partners

Approved:  $1,000,000

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• Location: North Port

• Minimum # of Units: 66

• Minimum # of Affordable Units: 66

• Percent of Affordable Units: 100%

• Affordability Period: 40+ years

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Sarasota Station, One Stop Housing 

Approved:  $15,010,043​

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• Location: City of Sarasota

• Minimum # of Units: 202

• Minimum # of Affordable Units: 104

• Percent of Affordable Units: 51%

• Affordability Period: 40+ years

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On the Park Apartments, Quincy Real Estate Holdings, LLC (Michael Saunders) 

Approved:  $4,226,750

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• Location: City of Sarasota

• Minimum # of Units: 48

• Minimum # of Affordable Units: 25

• Percent of Affordable Units: 52%

• Affordability Period: 40+ years

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Selected Projects September 10, 2024

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On September 10, 2024, the board convened at 1660 Ringling Blvd. to decide how to allocate the remaining balance. The following projects were selected by the board to execute subrecipient agreements.

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CHT Sarasota Englewood, Community Housing Trust of Sarasota Inc

Approved:  $1,010,000 ​​

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• Location: Englewood

• Minimum # of Units: 13

• Minimum # of Affordable Units: 10

• Percent of Affordable Units: 77%

• Affordability Period: 40+ years 

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Chamberlain Family Apartments, Lincoln Avenue Communities

Approved:  $9,992,500 

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• Location: North Port

• Minimum # of Units: 165

• Minimum # of Affordable Units: 165

• Percent of Affordable Units: 100%

• Affordability Period: 40+ years