The 216-unit community will cater to households earning between 22 and 80 percent of the area median income.

University Station

University Station. Rendering courtesy of HTG

Housing Trust Group will break ground this month on University Station, a $100 million, fully affordable development in Hollywood, Fla. The project is set to include 216 residential units, as well as Barry University’s College of Nursing and Health Services. Designs were provided by Corwil Architects and ANF Group will serve as general contractor. Completion is expected in the spring of 2025.

Funding sources for the project include:

  • $39.9 million in 9 percent low-income housing tax credit equity from Florida Housing Finance Corp., syndicated through Raymond James
  • $17.8 million loan from Bank of America
  • $10.6 million State Apartment Incentive Loan
  • $1.5 million National Housing Trust Fund Loan
  • $600,000 Extremely Low Income loan
  • $8.4 million in parking funds
  • $6 million Broward Loan
  • $4 million City Loan
  • $100,000 in State Housing Initiatives Partnership funding from Broward County

A necessary private-public partnership for downtown Hollywood

To come online on 2.5-acres of city-owned land as a public-private partnership under a Florida P3 statute, University Station will consist of two residential towers and a 635-space standalone parking garage. Apartments will be reserved for households earning between 22 and 80 percent of the area median income.

The property’s residential component will encompass one- and two-bedroom floorplans ranging from 621 to 899 square feet, as well as 12,210 square feet of educational space and 2,000 square feet of retail space. Resident amenities will include a fitness center, swimming pool and children’s room.

Located at 309 and 421 N. 21st Ave. and 2031 Polk St., the site is in downtown Hollywood and roughly 20 miles north of downtown Miami. The property is adjacent to the future Broward Commuter Rail South Station.