Editor’s Note: This article has been updated to reflect the correct total development cost of $47 million, as clarified by the project developers.
Alonzo Mourning is taking his talents deeper into community building, teaming up again with Housing Trust Group (HTG) to break ground on Villa Jordana, a $47 million affordable senior housing community at 826 S. Dixie Highway in Hollywood. The 96-unit project is reserved for residents 62 and older, targeting households earning roughly 33% to 60% of area median income, and is slated to wrap construction in spring 2027.
Financing and partners
The $47 million development closed a layered financing package that combines tax credit equity with institutional debt. To get shovels in the ground, Villa Jordana secured approximately $33.8 million in low-income housing tax credit equity syndicated by Raymond James. On the debt side, the project is supported by a $32 million construction loan and a $10.2 million permanent loan from Capital One through Freddie Mac. The City of Hollywood is further backing the effort with a $640,000 loan.
Design, team and timeline
Plans call for features tailored to older residents, including a community room, resort-style pool, fitness center and on-site resident services. Ballast Construction is leading the build, and Realization Architects is handling design. Projected monthly rents for income-qualified tenants are expected to run from about $713 to $1,555, as reported by Housing Trust Group.
Where it fits in Hollywood
Housing Trust Group identifies Villa Jordana as its third affordable community developed in partnership with the City of Hollywood. The planned rents land well below Hollywood's typical apartment asking price, which sits around $2,198 per month based on local market data, according to RentCafe. This provides older residents on fixed incomes a lower-cost option compared to prevailing market rates.
Developer track record and context
HTG and Mourning's nonprofit, AM Affordable Housing, have teamed up on several senior-focused communities across South Florida, including Astoria on 9th in Bradenton and Oasis at Aventura. Coverage of Villa Jordana situates the project within a broader string of Hollywood developments that rely on tax credits and agency-backed debt to move income-restricted housing across the finish line, a model that has become the standard for addressing the region's affordability crisis.
