Florida Project-Based Section 8 SaleKyle Shoemaker
In February, 2021, AHIB closed on the Florida project-based section 8 sale known as Baker Manor. Located in Macclenny, Florida, Baker Manor is located within the Jacksonville, Florida MSA. The property was originally constructed around 1974 and was renovated in 1997 using State Apartment Incentive Loan (SAIL) funds. The garden style apartments consist of one-bedroom, two-bedroom and three bedroom units. Property amenities include a playground, a pool, laundry facility and a community room.
Baker Manor Apartments is fully-covered by a project-based Section 8 contract and formerly owned by a nonprofit organization. The seller paid off the existing SAIL loan at closing, but the SAIL use agreement survived the payoff of the outstanding loan.
Baker Manor in the news: