Middletowne Apartments is a 100 unit family complex in the Orange Park community just outside of Jacksonville, Florida. Set in an attractive single family home development area, Middletowne offers the amenities of single family home living in an apartment setting.

Trinity Towers East, a 14-story 156-unit development was acquired in 2013 from the Holy Trinity Episcopal Church of Melbourne, Florida. Trinity Towers East was built in 1967 under the HUD Section 202 program with a direct loan.

When acquiring the property in 2013, POAH faced the challenge of navigating the distinct rules of the different programs; the transaction benefited, however, from HUD’s new rules regarding refinancing and sale of these older Section 202 developments which makes it easier for faith-based owners to transfer properties to non-profits specializing in housing.

Located in an attractive residential neighborhood with great access to highways, local services and schools, Cutler Glen and Meadows’ affordability is a valuable resource for the city of Miami.

Maintaining and securing both its affordability and its functionality for years to come has proved to be a valuable asset for the surrounding community.  Acquired as part of a portfolio of properties purchased from a sister non-profit that undergone hard times, this property has the appeal and marketability to have fallen prey to a market-rate buyer.