St. Johns County held a ribbon-cutting ceremony for a newly completed affordable housing complex.
In addition, the complex is located about a half-mile from the Leo C. Chase Jr. VA Clinic and around 15 minutes from downtown St. Augustine.
St. Johns County secured funding for this project through an application to the Florida Department of Economic Opportunity for Department of Housing and Urban Development disaster relief funds after Hurricane Matthew.San Marcos Heights was partially funded directly from that grant. The developer, Smith & Henzy Affordable Group, also utilized $15 million in tax-exempt bonds from the Florida Housing Finance Authority and private equity funds to complete the project. In addition, the St.
“Probably the average salary is more like $35-40K, and no one in that category list are independently wealthy and could obviously afford to live in a half-million-dollar home,” said St. Johns County Commissioner Henry Dean. “I was seeing two-bedroom houses for $1,700, and now I have a two-bedroom for way less than that,” said tenant Sara Ramos. “It’s an expensive county, but I think that as expensive as it is, it’s also a beautiful county, and people should be able to have access to it.”
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