Gardner Capital to Redevelop 'Amaryllis Park Place' Housing Project in Sarasota, Florida

SARASOTA, Fla., May 31, 2017 /PRNewswire/ -- Gardner Capital announced it received a reservation of housing tax credits from the Florida Housing Finance Corporation to help fund the redevelopment of the existing public housing apartments at Amaryllis Park Place in the Newtown neighborhood of Sarasota, Florida.

The Amaryllis Park Place redevelopment project, located on Orange Avenue approximately one mile north of Sarasota's central business district, will provide comfortable, affordable and secure homes for 84 senior families. It will include modern amenities, such as a computer lab, community room for events, secured access entry, community wi-fi, and a fitness center.

Gardner Capital will partner with Sarasota Housing Authority (SHA) and Duvernay & Brooks, LLC to fund and develop Amaryllis Park Place. The project is part of SHA's Newtown Redevelopment Plan, intended to revitalize housing in the Rosemary District and Amaryllis Park neighborhoods of Newtown.

"We are delighted to partner with Sarasota Housing Authority and Duvernay & Brooks to redevelop the Amaryllis Park Place apartments and improve the wellbeing of its tenants. We look forward to working with our partners on similar projects in the future," said Michael Gardner, Principal at Gardner Capital.

About Gardner Capital

Gardner Capital is an affordable housing and solar tax credit development, syndication, and investment company with primary regional offices in St. Louis, Dallas, San Francisco, Atlanta, and Springfield, Missouri. Since 1992, Gardner Capital has placed more than two billion dollars of equity in affordable housing. More recently, Gardner Capital added a rapidly growing solar development and investment platform with several solar projects across the United States. The principals, Mark Gardner and Michael Gardner, remain committed to improving the wellbeing of families by developing and raising capital for affordable housing and clean energy projects. Visit www.gardnercapital.com for more information.

SOURCE Gardner Capital

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