Cedar Oaks is the first RAD for PRAC conversion in Florida and the second in the country
HOLLY HILL, Florida – Major renovations have been completed to preserve affordable senior housing at Cedar Oaks in Holly Hill, Florida, providing senior residents with new amenities and modern updates in their apartments and community spaces.
Cedar Oaks was originally funded by a Project Rental Assistance Contract (PRAC) through the U.S. Department of Housing and Urban Development (HUD) 202 program for low-income seniors. National Church Residences’ recent renovation was made possible by the HUD Rental Assistance Demonstration (RAD) for PRAC program, which allows these types of properties to access Low Income Housing Tax Credits and debt to make needed repairs and improvements. The Florida Housing Finance Corporation awarded the LIHTC that funded the renovation. Cedar Oaks is the first RAD for PRAC conversion in Florida and the second in the nation – both completed by National Church Residences.
Building improvements included repainted exteriors, replacement windows and doors, parking area updates, upgraded site lighting and a new fence. Unit interiors and common spaces received all new flooring, cabinets, countertops, appliances, plumbing fixtures, HVAC systems, hot water heaters, doors and hardware.
“Through these housing tax credit award renovations, National Church Residences provides senior residents at Cedar Oaks with stability, safety and an improved quality of life,” said Sarah Branch, senior director of affordable housing for National Church Residences. “The preservation of this property means that seniors can remain in the community that they have called home – an expression of National Church Residences’ commitment to high-quality, affordable senior housing in Florida.”
Built in 1993 and comprising 44 apartment units, Cedar Oaks is located at 668 LPGA Boulevard. Amenities include a community room, laundry facility, community patio, on-site service coordinator and a dog run. Apartment rent is subsidized by the U.S. Department of Housing and Urban Development.
National Church Residences operates 12 affordable senior housing communities across Florida, as well as two campuses offering independent living and health care options for older adults.
About National Church Residences
Originating from a Christian commitment of service, National Church Residences provides an array of health care services and a variety of housing options to 46,000 seniors. The nonprofit organization is driven by a vision to scale for mission impact by advancing better living for 100,000 seniors by 2030, wherever they call home. With more than 360 communities across the United States, it is the nation’s largest nonprofit provider of affordable senior housing and the largest manager of service coordinators. The organization also offers home and community-based services, as well as permanent supportive housing for the formerly homeless and disabled. For more information, visit us at NationalChurchResidences.org and follow us on Facebook, Twitter and YouTube.
