Midtown Lofts

East Parker Street, Lakeland, Florida 33801

Midtown Lofts is located in Polk County, FL. Midtown will be a new construction affordable development and will provide 80 fully amenitized residences serving families of the Lakeland community. Midtown Lofts was recommended for funding by Florida Housing Finance Corporation to receive a competitive 9% tax credit allocation in the Summer of 2018.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/2)	-	Call for Price
3 Bedroom (3/2)	-	Call for Price

This project has been funded and will begin construction soon.

Financial closing and construction commencement are expected to occur in Q2 of 2019.

Eligibility for Midtown Lofts

Midtown Lofts Details

80 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.