Project Narrative

Bayou Oaks is an 80-unit senior living development located near the airport in Sarasota, Florida. The property consists of 40, 2 bedrooms/2 bathroom units and 40, 1 bedroom/1bathroom units. Also included in the development is a 2,500 SF senior recreation center that houses management offices, a gym, computer lab and library.

Common area amenities include a swimming pool and covered picnic area with shuffleboard courts. Bayou Oaks was financed using tax credits through the Florida Housing Finance Agency, SHIP funds from Sarasota County and conventional financing.

Project Overview

  • City, State: Sarasota, FL
  • # of Units: 80
  • Development Costs: $6,100,000
  • Development Type: 9% LIHTC
  • Client: Florida Housing Authority