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The Hamlet atWalden Pond Apartments

The Hamlet atWalden Pond Apartments

Owner: Developer: Site:

Walden Pond, Ltd. Auburn Development, LLC 18 acres

Number of Units: 312 units

plus a 4,500 sq. ft adult day care center

Completion:

1996

The Hamlet at Walden Pond is a 312-unit apartment community for senior citizens in North Miami. The project was kept affordable through a $3,740,000 State Apartment Incentive Loan (SAIL) at 3% interest, tax credits from the Florida Housing Finance Agency, and $1,047,000 through the Dade County Hurricane Andrew Trust Fund Housing and Community Development Program. The project also received from Dade County a $644,000 waiver of impact fees. Eighty percent of the units are for households below 60% of median income, and 20% are for households below 40% median income.

20855 NW 9th Court

North Miami, FL 33169

(305) 655-9922

p: 561.278.3901

f: 561.278.3903

777 East Atlantic Ave., Suite 200

Delray Beach, FL 33483

Award winning development

The National Association of Home Builders designated The Hamlet at Walden Pond the 2nd Best Affordable Multi- Family Community for Seniors in the Country in 1997.

www.AuburnCommunities.com 6

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