Downtown Sarasota affordable housing complex breaks ground

Lofts on Lemon, a $33 million project,  will offer 128 housing units, including 52 aimed at "hometown heroes" such as teachers, health care workers and first responders.

Correction: A prior edition of this tale explained that Financial institution of The united states supplied a $3 million tax credit score equity to the Lofts on Lemon project, according to information provided by the Sarasota Housing Authority. The genuine total price of the tax credit fairness is $15.46 million. 

SARASOTA — There may well be a lot of positions in downtown Sarasota, but when it will come to locating economical, convenient housing for the workforce, there usually are not a lot of solutions.

Which is why group stakeholders say the Lofts on Lemon undertaking, consisting of 128 housing models, together with 52 aimed at “hometown heroes” like instructors, overall health care personnel and 1st responders, is so substantial. 

These “hometown heroes” are people today who are doing an vital provider to a community that they basically simply cannot afford to pay for to are living in, Sarasota Housing Authority president and CEO William Russell explained.