Affordable Oakland Park rentals to open next year

Miami /
Dec.December 11, 2016 05:00 PM

Pinnacle Housing Group and a county-affiliated partner expect to open an affordable 80-unit rental housing development in Oakland Park in the fall of 2017.

Monthly rents at the development, called Oakland Preserve, are expected to range from $706 for a one-bedroom unit to $846 for a two-bedroom and $978 for a three-bedroom.

Applicants qualified to rent a residence at Oakland Preserve have income at least 60 percent below the area median.

The partners behind the $17 million development at 301 Northeast 36 Street in Oakland Park are Miami-based Pinnacle Housing Group and an affiliate of the Broward County Housing Authority called Building Better Communities.

Ann Deibert, the chief executive officer of Building Better Communities, told the Sun-Sentinel that

Oakland Preserve is one of nine affordable housing complexes that Building Better Communities has developed., including Manors at Middle River, now under construction at 1716 North Dixie Highway in Fort Lauderdale.

Ann Deibert, the chief executive officer of Building Better Communities, told the Sun-Sentinel, “Rents are escalating, so the need for affordable housing continues to grow in Broward County.” [Sun-Sentinel]Mike Seemuth


Related Articles

arrow_forward_ios
Dan Deitchman and Koby Assaraf with a rendering of Industry | Oakland Park
Oakland Park developer partners with former Link Real Estate exec on new firm
Oakland Park developer partners with former Link Real Estate exec on new firm
RelatedISG's Scott Lehr, Daniel Ares and Liz Lopez with a rendering of Urbn Village 
Related ISG takes over sales of Urbn Village townhouses from Coldwell Banker
Related ISG takes over sales of Urbn Village townhouses from Coldwell Banker
Lennar Executive Chairman Stuart Miller (iStock)
“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results
“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results
Rent-to-own startup Divvy Homes expands to South Florida
Rent-to-own startup Divvy Homes expands to South Florida
Rent-to-own startup Divvy Homes expands to South Florida
Ben Schachter, Sean Black and Mike Pappas (Signature, Getty, Keyes)
Knock expands home lending program into South Florida 
Knock expands home lending program into South Florida 
Oak Street Jim Hennessey and Marc Zahr with 3100 North Andrews Avenue, Oakland Park
Oak Street Real Estate Capital buys Oakland Park Walgreens for $7M
Oak Street Real Estate Capital buys Oakland Park Walgreens for $7M
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail
Altman scores $55M construction loan for Ludlam Trail project
Altman scores $55M construction loan for Ludlam Trail project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...