84-unit affordable housing community to open in Sarasota

Cypress Square opens at a time when finding affordable or attainable housing is getting more difficult and bridges “the affordable housing supply-demand gap.”

  • By Louis Llovio
  • | 3:00 p.m. July 6, 2024
  • | 0 Free Articles Remaining!
The Cypress Square apartment community in Sarasota's Newtown district officially opens July 8.
The Cypress Square apartment community in Sarasota's Newtown district officially opens July 8.
Image via Sarasota Housing Authority / Facebook
  • Manatee-Sarasota
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Work on an 84-unit affordable housing community in Sarasota is complete and it will officially open Monday afternoon.

That’s when the Sarasota Housing Authority will hold a ceremonial grand opening on the site of the Cypress Square apartments at 1672 21st St.

The community was built with funds from the sale of Low Income Housing Tax Credits awarded by the Florida Housing Finance Corp. that were bought by Bank of America, SHA officials say. 

 

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