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

Property News

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 Village, 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 Village 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.