By Multifamily & Affordable Housing Business – January 3, 2024
Pinnacle and Birdsong Housing Partners secured $33.9 million for Pinnacle at the Wesleyan, a 96-unit affordable housing project in Kissimmee. The development targets households earning up to 60 percent of the area median income, with 10 percent of units reserved for extremely low-income residents. Construction began in December, and the project is set to complete by early 2025. Financing includes Low Income Housing Tax Credits, a construction mortgage, government contributions, and support from the Florida Housing Corp.
