Southern Villas of Perry

New Development In Spotsylvania To Provide Families With Over 100 Units Of Affordable Housing

Perry is a small town located in rural north-central Florida that is home to approximately 7,000 residents. Known as the "Tree Capital of the South", the town sits along Florida's Nature Coast and boasts scenic parks as well as a historic downtown area. The residents of Perry value a close-knit community and work to create a safe and appealing environment for families to call home. The town has seen a constant growth in population over the past several years and is projected to continue to do so. With most households being rentals, the area requires additional options of affordable housing for local families.

Southern Villas of Perry is the preservation of an existing family development financed under the USDA RD Section 515 program, the development preserves project-based rental assistance from USDA-RD for nearly all of the units. The rental assistance allows for tenants to pay only 30% of their income toward rent despite the income restriction being set at 60% of the Area Median Income. The community is composed of six one-story buildings, a maintenance building, and a laundry facility. Some of the renovations done to the property included replacing flooring, roofing, cabinets and countertops, plumbing and light fixtures, doors, windows, as well as updating all kitchen appliances. The property also received exterior updates such as new asphalt and fencing, a new mail kiosk for residents, and the addition of an improved playground for families to enjoy.