224 Units

Praxis of Deerfield Beach

1450 FAU Research Park Boulevard, Deerfield Beach, FL 33441

Praxis of Deerfield Beach is a Senior apartment community for adults 55 and older who enjoy an active, independent and high quality lifestyle. The community features 2 clubhouses, swimming pool, jacuzzi, picnic area, shuffle board, business center, and laundry facility. The property offers 24 hour emergency maintenance service. All apartments are wheelchair accessible and include a private balcony or patio area. All utilities are included with the rent. The property is located near public transportation. Shopping and dining out is located very close to the community.

Property Overview
  • Existing Section 42 LIHTC Senior 55+ property
  • Financed with Fannie Mae 10 Year Fixed Rate Loan
  • Planned resyndication in 2019 – budgeted rehab scope of 5.6mm ($25k per unit)
Affordable Requirements:
  • Placed in service in 2001
  • TCCP ended on December 31, 2015
  • LIHTC LURA – 100% at 60% AMI
  • BOND LURA – 40% at 60% AM