ORANGE CITY, Fla. — ConcordRENTS has scheduled a late summer grand opening for Parc Hill Senior Living Apartments, a $15 million affordable seniors housing community in Orange City.
Located approximately 30 miles north of Orlando, Parc City features 88 apartments for those making between 40 percent and 80 percent of the area median income..
Floor plans at the four-story building include one-bedroom, two-bedroom and two-bedroom-with-den options.
Funding for Parc Hill Senior Living comes from $7.5 million in tax-exempt bonds issued by the Housing Finance Authority of Volusia County, $5.78 million in equity from the sale of federal housing tax credits allocated through Florida Housing Finance Corp., and other sources provided through by the developer, Atlantic Housing Partners.