Dominium to Resyndicate Oak Meadows with $5 Million Renovation

The 120-unit property will remain in Florida’s affordable housing pool with upgraded amenities    

Dominium, a leading affordable housing owner, developer, and manager announced today the resyndication of Oak Meadows in Cocoa, Florida. Dominium will renew the property's affordable housing status while beginning a $5 million rehabilitation of the property. Renovations will include upgrades to the community clubhouse, fitness center, outdoor amentity space, landscaping, along with unit and building renovations.

Constructed in 2009, Oak Meadows consists of 90 affordable units housing families at 60% Area Median Income (AMI) and 30 units housing families at 35% AMI. Dominium acquired the property in October 2022, taking over operation and management responsibilities while preserving the 35% AMI units for the foreseeable future.

Dominium would like to thank Fannie Mae, Walker & Dunlop and Bremer Bank for providing the key financing structure for this project, along with development partners Langerman Construction, Dominium Construction & Architectural Services, Kimley-Horn, RBC Capital Markets, Winthrop & Weinstine, Holland & Knight, Norris George & Ostrow, Fabyanske Westra Hart & Thomson Law, Ballard Spahr, ArentFox Schiff, Amerinat, Commercial Partners Title, Akerman, Computershare and Brevard County HFA.