Dominium Announces the Land Closing of Osprey Park in Poinciana, Fla.

The housing developer recently celebrated the closing of its second new construction site in the state of Florida

Dominium, a leading affordable housing owner, developer and manager, announced today the closing of Osprey Park, located at Marigold Avenue and Stepping Stone Boulevard in Poinciana, Fla.. The $116 million development, once constructed, will provide 383 high-quality affordable homes to the senior community within the Orlando metro area.

“Osprey Park will be a great addition to the regional and statewide housing goals because it’s financed without competitive or scarce resources,” said Dominium Vice President & Project Partner Devon Quist. “With this development we look forward to continuing our mission to bring much-needed affordable housing to the Orlando metro area.”

Financing partners for this project include a Freddie Mac TEL serviced by Greystone, tax-exempt and taxable construction loans originated and serviced by America First Multifamily Investors (ATAX), and an equity investment in the 4% low-income housing tax credits from AEGON. Dominium also received assistance from the Florida Finance Corporation (FHFC) with the 4% Low Income Housing Tax Credits and the Osceola County Housing Finance Authority on the allocation of tax-exempt bonds.

Development partners include Osceola County, the School District of Osceola County, Weis Builders, Dominium Construction & Architectural Services, Bessolo Design Group, Kimley Horn, Nelson Mullins, Winthrop & Weinstine and First American Title.  

Dominium is grateful for these partners who made it possible to close this transaction and others who will be involved in the project moving forward.