Summary and Three Paths
The site, the ask, and the three ways to build, side by side.
Package updated Oct 6, 2026 - PDF cover
Development Site | Brooksville, Florida
216-Unit Entitled LIHTC Affordable Housing Development Site
14.4-acre land offering in Hernando County. Build now with 4% LIHTC and tax-exempt bonds, or with a Florida Housing SAIL award in 2027.
$3,500,000
Offering Memorandum Available
MarketBrooksville, FL | Tampa MSA
Site Area14.4 Acres
Concept168-Unit Optimized Plan
ZoningPD, Entitled for 216 Units
CategoryLand / Multifamily Development
Opportunity Overview
A fully modeled affordable housing development site in Brooksville, Florida, within the Tampa-St. Petersburg-Clearwater MSA.
The 14.4-acre parcel is entitled for 216 multifamily units and is offered at $3,500,000 to affordable housing developers and principals, payable at the construction closing. The owner will also consider a long-term ground lease. The owner's optimized plan is a 168-unit Low-Income Housing Tax Credit community for families, based on the following assumptions:
- Tree-aware site plan and 75 / 51 / 42 one-, two-, and three-bedroom unit mix.
- 4% LIHTC and tax-exempt bond execution, with or without a Florida Housing SAIL loan.
- No project-based vouchers or other rental assistance assumed.
- HUD Qualified Census Tract location, which carries the 130% basis boost.
- Verified Brooksville water and wastewater connection fees and City-confirmed tree-mitigation treatment.
- June 2026 rent evidence, market-rent constraints, and RENCO composite-block construction cost benchmarking.
The site can be built three ways. A self-funded developer can proceed now on 4% LIHTC and tax-exempt bonds alone, with no competitive award and no application round to wait for. Alternatively, the project can be filed in Florida Housing's 2027 SAIL round as a self-sourced or a standard application. The Offering Memorandum sets out the sources and uses, the cash required, and the stress tests for each path.
Most early development work is already complete. Available diligence includes a verified tree survey and mitigation analysis, confirmed municipal water and sewer connection fees, a June 2026 market rent survey, a coordinate-level tree-aware site plan, an optimized unit mix, and a live financial model of all three paths.
Investment Highlights
Broker owner14.4-acre affordable housing development site offered at $3.5M, paid at the construction closing.
168-unit planOptimized LIHTC family program in the Tampa MSA growth corridor.
Documented financing path4% LIHTC and tax-exempt bonds, with or without Florida Housing SAIL and ELI funding.
Build nowA self-funded 4% LIHTC and bond execution needs no competitive award and no application round.
Entitled for 216 unitsCurrent PD zoning permits up to 216 units; the owner's optimized plan is a 168-unit tree-aware community.
Diligence packageTree survey, municipal fee review, market rent study, and a three-path financing model.
RENCO construction optionComposite-block construction alternative evaluated for Florida multifamily use.
2027 SAIL optionAlso positioned for Florida Housing's 2027 SAIL application round.
Package Preview
The full development plan, entitlement status, market study, construction analysis, and financing structure are detailed in the Offering Memorandum linked from the package preview images below.
4% Credits Only, Self-Funded
Cash required and cash returned on a purchase or a ground lease, with no competitive award.
This listing is a summary of a real property offering for informational purposes only. It does not constitute an offer to sell or the solicitation of an offer to buy any security. All development, financing, and feasibility figures are planning-level, illustrative, and subject to diligence, Florida Housing program rules, the governing RFA, and definitive documentation. Refer to the linked Offering Memorandum for complete information.
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