HTG, Mount Hermon AME Church Open $43.5M Affordable Seniors Housing Community in Fort Lauderdale, Florida

FORT LAUDERDALE, Fla. — Housing Trust Group (HTG) and Mount Hermon African Methodist Episcopal Church have opened Mount Hermon Apartments, a new affordable seniors housing community in Fort Lauderdale. Development costs totaled $43.5 million.

Monthly rental rates at the community, which features one- and two-bedroom apartments, range from $433 to $1,422 per month. Units are reserved for seniors earning at or below 25 and 60 percent of the area median income. According to Apartments.com, average the average rental rate for a one-bedroom apartment in Fort Lauderdale is $2,222.

Amenities at the property include a rooftop terrace, fitness center, clubroom and community gathering space. Services at the community include 24-hour assistance, adult literacy training and support with light housekeeping, grocery shopping and laundry…

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