Coconut Grove-based company closed on or delivered more than 700 units
Miami, Florida (April 19, 2017) – Housing Trust Group (HTG),
a leading multifamily developer, has been ranked the top affordable housing developer in the state – and number 22 in the country – by Affordable Housing Finance’s latest rankings of the Top 50 Affordable Housing Developers of 2016. The company closed on financing and began construction on 416 new units of affordable housing in Florida and delivered 301 new units last year.
HTG’s increased pace of growth in 2016 propelled it to advance its ranking from 25th in the nation and second on the state in 2015, having closed on financing and begun construction on 296 units of affordable housing in Florida last year as well as 72 units of market-rate housing in Tennessee and 325 units of market-rate housing in Arizona.
Affordable Housing Finance magazine’s annual report on the nation’s top developers and owners, AHF 50, is based on the publication’s exclusive survey of over 100 companies. The magazine presents four lists: Top 50 Developers, Top 50 Owners, Top 10 Firms Completing Acquisitions, and Top 10 Companies Completing Substantial Rehabs in 2016.
“This ranking is a testament to our ongoing commitment to addressing the tremendous shortage of affordable housing in Florida,” said HTG President & CEO Matthew Rieger. “We’re proud to be Florida’s most prolific developer of affordable housing, but it would not be possible without the trust and partnership of public officials, community organizations and many others who have partnered with us in broad-reaching efforts to revitalize entire communities by creating more safe, clean and affordable housing for our hard-working families and seniors.”
HTG most recently completed construction of Wagner Creek Apartments in Miami, FL and Valencia Grove in Eustis, FL. The company has five other affordable housing communities currently under construction in Florida, including Freedom Gardens in Brooksville, Park at Wellington Phase I and Phase II in Holiday, Covenant Villas in Belle Glade, and Hammock Ridge in Spring Hill.
About Housing Trust Group
Housing Trust Group (HTG) is an award-winning, full-service developer of multifamily residential communities whose real estate transactions have exceeded $2 billion in commercial, land and residential developments across Florida, the Southeastern U.S. and Arizona. Based in Coconut Grove, HTG’s portfolio of over 5,900 units includes affordable, student housing, and market-rate for rent and for sale communities. Currently, HTG has more than 1,300 units with firm financing commitments in its pipeline, representing over $235 million of new development within the next 18 months. For more information, please visit www.htgf.com.