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Case Study: Special Needs

Sulzbacher Village

A Permanent Housing Solution

HOUSING NEED

Women and families represent the fastest growing groups of the homeless population in the United States. This alarming fact is what led Sulzbacher – Northeast Florida’s largest provider of comprehensive services for the homeless – to develop Sulzbacher Village in northern Jacksonville, FL. For the first time in Jacksonville, homeless women and families – including veteran women – will have a community of their own.

The 70-unit community opened in Fall 2018 and provides studio, one- and two-bedroom permanent-housing units to single women, women veterans and single- and two-parent families, accommodating 310 people. In addition, there are approximately 30 auxiliary units on hand to accommodate women and families in need of short-term emergency housing and medical respite.

FINANCING

To finance this $21 million development, Sulzbacher raised more than $6 million from over 400 individuals and donor groups. In addition, Florida Housing Finance Corp. awarded Sulzbacher Village $9.2 million in 9% federal low-income housing tax credits (LIHTCs) and $3.5 million in State Apartment Incentive Loan funds. Hunt Capital Partners facilitated an $8.4 million equity investment through its multi-investor fund, Hunt Capital Partners Tax Credit Fund 24.

DESIGNED FOR SUCCESS

The project features an array of on-site services and amenities designed to equip homeless women with the skills needed to succeed and transition to traditional housing.

Sulzbacher Village includes a 7,000-square-foot health center that offers primary care, dental, vision, and behavioral services for women and children residing in the village and surrounding community. The campus has an early learning center, a computer lab, a children’s library, a playground, and a mobile food pantry. On-site education programs include job training classes, culinary classes, homework tutoring, mentorship initiatives, and female veteran programs for acclimating back into society.