Pelican Isles

Affordable Housing In Sebastian, Florida

Built in 2005, Pelican Isles is a 12 building, 2-story, garden-style multifamily apartment complex that contains 150 total units over a 17.18 acre parcel located in beautiful Sebastian, FL.

Total Cost

$9,596,048

Description
TPI will have a 50% partnership interest in the project.

Financing
Secured financing and funding for this project included:

$7,845,000	223(f) Refi Loan (Merchants)
$875,524	NHPF Equity
$875,524	TPI Equity

Pelican Isles 925 Pelican Isles Circle, Sebastian, FL 32958

Rental Information, Amenities, and Floorplans

NHPF’s diverse income and rent structure provides housing for a range of households from low to moderate income. Notwithstanding income levels, the same level of amenities and access to our services is offered to all residents.

This property is just one example of how NHPF’s commitment to affordable housing has helped American families.

ABOUT THE NHP FOUNDATION
The NHP Foundation strives to provide quality affordable multi-family housing and resident services for low to moderate income families. Since 1994, NHPF has acquired and preserved 95 properties, totaling 16,495 units, located in 19 states and the District of Columbia. Today, NHPF’s portfolio includes 56 properties, totaling 10,000 apartment units, in 15 states and the District of Columbia. NHPF also provides service programs to approximately 28,000 community residents.

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Pelican Isles

Affordable Housing In Sebastian, Florida

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