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CONSTRUCTIONPENDING

Housing Finance Authority Meeting Agenda October 2025

Paces Preservation Partners Seeks Funding for GHA Build First Site

$27,817,222 (FHFC LGAO 2025-201 project cost); $29,019,223 (FHFC SAIL 2025-205 project cost); $460,000 (LGAO contribution request); $37,500 (SAIL contribution request); $4,100,000 SAIL fundingAlachua CountyPACES PRESERVATION PARTNERSOctober 15, 2025

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Paces Preservation Partners has requested local and state affordable housing contributions totaling $460,000 (LGAO) and $37,500 plus $4.1M SAIL (SAIL program) for the 72-unit GHA Build First Site project in Gainesville, with construction planned for 2026 through 2028.

Contract Details

Contract Amount

$27,817,222 (FHFC LGAO 2025-201 project cost); $29,019,223 (FHFC SAIL 2025-205 project cost); $460,000 (LGAO contribution request); $37,500 (SAIL contribution request); $4,100,000 SAIL funding

Vendor

PACES PRESERVATION PARTNERS

Agency

Alachua County, FL

Contract Type

CONSTRUCTION

Document Date

October 15, 2025

Contract Term

Estimated construction start: Winter 2026, estimated completion: Summer-Fall 2028, lease-up Fall 2028-Winter 2028

Renewal Date

2028-09-30

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