Search
 

LandSouth Lands HUD Apartment Contract

JACKSONVILLE, FL-The company will build 432 units near Disney World for $56 million.

By Carl Cronan | Updated on May 31, 2009

JACKSONVILLE, FL-Locally based LandSouth Construction has been awarded a $56-million contract from the US Department of Housing and Urban Development to build a 432-unit apartment complex in Osceola County. Village at Secret Lake, located four miles west of the main entrance to Walt Disney World, is currently one of the largest HUD Section 221(d)(4) contracts in Florida.

The HUD program pertains to multifamily rentals and consists of loans combining construction and permanent financing for apartments. It is for new construction or major rehabilitation projects and contains no rent restrictions, meaning it can be used for market rate or rent-restricted properties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.