The Real Deal South Florida

Housing Trust Group plans affordable housing project in Palm Coast

October 07, 2018 04:40PM

A public park at Town Center in Palm Coast

Coconut Grove-based Housing Trust Group (HTG) plans to build an 88-unit affordable apartment complex just north of Daytona Beach in Palm Coast.

If the planned apartment complex is approved, HTG would get a $440,000 credit against a utility impact fee that developers normally pay.

The Coconut Grove-based company also would be eligible for a credit against the Palm Coast’s transportation impact fee.

According to its website, HTG ranks among the 35 largest affordable housing developers in the nation.

HTG has applied to the city for site-plan approval for its planned three-building, three-story apartment complex, called The Palms at Town Center.

The Palm Coast Planning Board is scheduled to review the proposed development on Oct. 17.

The apartment complex would be built within a development called Town Center with components that include Palm Coast City Hall, a Publix supermarket and a Target department store as well as apartments and townhouses. []Mike Seemuth

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