Karis Village

Karis Village is a $28MM new construction supportive housing community with 88 units, half of which are set aside for formerly homeless veterans.

Karis Village was recommended by Florida Housing staff for an annual tax credit allocation of $2,180,000 plus $4,300,000 of SAIL subsidy. The development competed for the set-aside subsidy and was selected based on both subjective and objective metrics.

Green Mills co-developed the community with Carrfour Supportive Housing, Inc., one of Florida’s largest and most successful nonprofit affordable developers and service providers. Hudson Housing provided tax credit equity, Capital One provided a construction loan, and FHFC financed the long-term SAIL loan.

Karis Village has a dedicated supportive services team and includes robust amenities. Karis Village was completed in
2018 and maintains full occupancy.

Location: Miami, Florida
Project Details:  88 Multi-family Apartments
Construction Start/Completion: 2016/2018
Green Mills Group: Co-developer/Asset Manager Lender(s): Capital One, Florida Housing Finance Corporation, Miami-Dade County
Limited Partner: Hudson Housing
Development Cost: $28MM
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