Financing secured for affordable senior housing project in Riviera Beach

Coconut Grove-based Housing Trust Group (HTG) completed the financing for a 101-unit affordable housing development in Riviera Beach for senior citizens. Construction of the $24 million development, called Heron Estates, already is under way and is expected to conclude next year. Heron Estates will have one- and two-bedroom apartments for tenants 55 and older who earn 60 percent of area median income or less.

Source: The Real Deal