AIDA PALMS

Aida Palms is an affordable, in-fill $17MM new construction community with 96 residences, on- site management, community amenities, and energy efficient design. Green Mills was recommended by Florida Housing Finance Corporation (“FHFC”) for an allocation of competitive 9% tax credits in early 2015. Raymond James provided tax credit equity and Florida Community Loan Fund provided long-term senior debt.

The community features a fitness area, pool, community room, business center / library, and game room. Its central location in Lakeland provides residents with quick and easy access to local amenities such as groceries, schools, bus stations, and medical facilities. Aida Palms is fully leased and maintains a wait list.

Location Lakeland, Florida
Project Details: 96 Multi-family Apartments 
Construction Start/Completion: 2016/2017
Green Mills Group: Developer/Owner/Asset Manager                                                    Lender(s): JP Morgan Chase, Florida Community Loan Fund, Polk County
Limited Partner Raymond James Tax Credit Funds
Development Cost $17MM
Website www.aidapalms.com