McDowell Building 16th Florida Affordable Housing Project

McDowell Housing Partners (MHP) announced the financial closing and the beginning of construction of Ekos at Pembroke Park, a 10-story, 150-unit affordable senior housing community located at 5595 S.W. 41st in Pembroke Park, Florida. 

It’s McDowell Housing Partners’ 16^th affordable housing project to start construction in the state of Florida.

Financing for the $64.68 million development was made possible by an issuance of tax-exempt bonds and subordinate HOME – ARP loan from the Housing Finance Authority of Broward County; a subordinate Live Local State Apartment Incentive Loan (SAIL) from the Florida Housing Finance Corp.; LIHTC equity from U.S. Bank; and senior construction and permanent loans from R4 Capital.   

The closing comes on the heels of McDowell’s near completion of Douglas Gardens Senior Health and Living, a 410-unit, the largest affordable living development for seniors in Broward County.

JWR Construction is the general contractor. Ekos at Pembroke Park is expected to be completed in the summer of 2027.

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