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PROPERTY IMPACT STORY: THE HARMONY ON SANTA BARBARA
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development which has been designed with community growth in mind. In addition to the creation of 82 affordable homes, residents of Harmony will have access to services
and labor markets, and NIMBYism have long prevented affordable housing communities of this kind from being developed in the area. After years of determination, Harmony is finally changing that, largely due to the progressive
LIHTC is, in its most basic essence, a meeting of the public and private sectors. To bridge the housing needs gap, the federal government incentivizes investors and developers to create affordable housing by awarding tax credits. While high-quality properties are created through this model, it is often the developments that draw most heavily from a cooperative relationship between local government and developers that are best equipped to serve the specific locality in which they are built. This private-public relationship is essential to the story of Harmony on Santa Barbara, which is currently being built in Naples, Collier County, Florida by Miami-based developer McDowell Housing Partners. Harmony on Santa Barbara fits neatly into an area in great need of affordable housing solutions – it also acts as a transformative
which will include adult educational opportunities as well as health and wellness programs. These features amount to something much more than
“... the Harmony exemplifies the public- private partnership that creates transformative developments.” - Mike Boyle, SVP & Originator
actions of County Commission and staff.
“It’s encouraging to see local governments actively looking for meaningful and practical ways, such as public/ private partnership we executed on The Harmony, to expedite and incentivize new workforce and affordable housing developments,” said Shear.
just an apartment; the finished product will provide an environment which is designed to support and improve the quality of life and well- being of its residents. Collier County is one of the wealthiest zip codes in the country. Chris Shear, COO at McDowell, stated that a multitude of factors, including high land cost, limited zoning, tight construction
Collier County has aimed to create new
A rendering of the Harmony on Santa Barbara, a workforce housing development in one of the wealthiest areas of the country. This affordable development is the first of its kind in Collier County, Florida. Once completed, the Harmony on Santa Barbara will offer the community 82 affordable homes.
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