Stanley Terrace Apartments

The Deerfield Beach Housing Authority (“DBHA”) is pursuing a RAD conversion of its 96 unit family designated property.  S & H is providing financial advisory/development services as well as coordinating the HUD RAD approvals and HUD/FHA financing of the project.  The project will result in $5.8 million in renovations.  S & H has secured $6.7 million in 4% tax credit equity for the project and is anticipated to close the deal in June of 2016. This the first public housing RAD conversion in Florida utilizing tax exempt bonds and 4% tax credits.