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National Land Realty Commercial Division

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Florida Affordable Housing Site Acquisition

July 21, 2017 By

Challenge:

Developer seeking to identify viable sites for multi-family development under the Florida Low Income Housing Tax Credit program. The Florida QAP scoring is calculated based on the site’s proximity to amenities (i.e. grocery, pharmacy, medical, schools) with higher scores associated with the closer amenities.  NLR was tasked with creating a custom mapping platform which would automate the scoring process based on geo-spatial computing for all parcels >4 AC in the state of Florida, then employ the team of land agents to contact landowners and secure sites for purchase options.

Solution:

NLR created a custom mapping platform which included all of the amenity point locations in the state of Florida, parcels >4 AC (with ownership info), LDA/DDA boundaries, Qualified Census Tracts, proximity to previously funded projects, bus routes, and site development layers (i.e. wetlands/flood plain, zoning).  The resulting qualified opportunities were then targeted by NLR’s team of land agents. Over 400 sites were identified and 10 properties were contracted for purchase.

Interested in learning more?  Click here to schedule a demo

Maps defining QCT, SADDA, Previously Funded Projects (with buffers) to narrow down target areas

Groceries, Medical, Pharmacy, Schools & Bus Routes used to automatically score parcel data

Targeted parcels with scoring breakdown, zoning, & ownership data for contact

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Industries of Expertise

  • Solar
  • Residential
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  • Affordable Housing
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About NLR Commercial

NLR Commercial is a full-service real estate brokerage company focused on commercial land acquisition and sales. We provide turn-key services to developers, investors, and landowners to buy and sell properties. What sets us apart is our technology and our team. ... » Learn More about About Us

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