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ABOUT US

Green Mills Group, LLC (and affiliated entities, referred to as “Green Mills”) is a real estate developer based in Fort Lauderdale, Florida. The company’s expertise is sustainable, multifamily development with an emphasis on affordable, workforce, and permanent supportive housing. Principals have managed the development and financing of 70+ residential communities representing more than 8,000 apartments and $1 billion in total development costs. To achieve broad, community-driven outcomes, the firm often partners with local governments, for-profit companies, and not-for-profit organizations.

Green Mills maximizes both business and mission-driven returns through diligent financial and market analyses, carefully researching available public and private financing sources while responding to civic objectives. The staff has extensive experience working with various public and private funding sources, including but not limited to Low Income Housing Tax Credits (“LIHTCs”), Historic Tax Credits (“HTCs”), HUD operating subsidies, taxable and tax-exempt municipal bonds, renewable energy subsidies, CDBG, HOME, SURTAX, Housing Authority Capital Funds, and conventional real estate debt and equity.

Since its inception, Green Mills has one of the Florida’s highest competitive LIHTC application success rates. Once approved for financing, Green Mills has never failed to close a transaction. Moreover, each completed Green Mills community receives stringent “green” energy efficiency certifications.

KEY PERSONNEL

MITCHELL ROSENSTEIN FOUNDER & PRINCIPAL

Prior to founding Green Mills, Mitch managed the corporate and development finance activities for one of the country’s largest affordable and multifamily housing developers, where he was responsible for the negotiation and closing of more than 40 transactions with value exceeding $1 billion.

Mitch successfully closed financing using a wide array of sources, including both privately sourced and publicly subsidized.

He was previously appointed to the Board of Directors of Neighborhood Lending Partners, a consortium bank focused on workforce housing and in-fill commercial development. He was awarded a fellowship to the New Leaders Council of Broward County. Mitch was also appointed to the Affordable Housing Advisory Committees for Broward County and the City of Fort Lauderdale.

Mitch is actively involved with various nonprofits and trade groups, including Big Brothers Big Sisters of Greater Miami, New Leaders Council, and Ghost Light Society of the Broward Center. Each year he teaches an affordable housing finance “crash course” to University of Miami graduate students.

Graduating with high honors from the University of Florida, Mitch also earned a Bachelor of Science degree in Finance and a Minors Degree in Economics. He lives in Delray Beach, Florida with his wife, sons, and Old English Sheepdogs.

OSCAR SOL FOUNDER & PRINCIPAL

As a managing principal, Oscar guides the firm’s growth with an emphasis on acquisition, development and construction operations. He has helped grow Green Mills into one of Florida’s preeminent attainable housing developers with a reputation for quality and integrity.

His resume includes the successful completion of more than twelve housing communities with about 1,500 apartment homes, valued at more than $1 billion.

He has forged award winning and transformative public-private partnerships, mixed-use, mixed-income, transit-oriented developments, senior housing, garden apartments and public housing redevelopments.

In 2022, he was elected to serve as a board member of the Coalition of Attainable Housing Providers of Florida, Inc (CAHP), a strategic alliance of developers and professional service providers. He frequently services as a panelist for the Florida Housing Coalition training seminars and annual conference. He has previously served on the Affordable Housing Advisory Board of Santa Rosa County.

Oscar earned a Bachelor of Arts Degree in Economics with a minor in business administration and an Environmental Studies certificate from Florida International University, graduating with honors. He currently lives in South Florida with his wife and three children.

DIANA MANSUR ASSISTANT VICE PRESIDENT - OPERATIONS

Diana joined Green Mills in 2016 to provide development, application, accounting, and administrative support. She oversees corporate strategic initiatives, assists with financial analyses, and manages general legal/development correspondence.

Diana works closely with principals to design and implement quality control measures which help ensure Green Mills’ properties are built on time and on budget.

She graduated from Nova Southeastern University with a Bachelor’s degree in Sports Science.

LAURA ARMAS OPERATIONS COORDINATOR

Laura joined Green Mills in 2023 to coordinate administrative, property management and development operations. Laura assists principals and development staff, manages logistics, provides support during underwriting and applications, manages due diligences processes, and ensures efficient day-to-day management of the different Green Mills communities.

BORIS GRANDISON

PROJECT MANAGER / OWNER’S REPRESENTATIVE

As a Project Manager and Owner’s representative, Boris’ responsibilities include overseeing permitting, design, and construction of Green Mills communities.

Boris started his career in architecture where he was the Designer and Project Manager on various project types ranging from luxury condominiums, hotels, airport terminals, schools, and office buildings.

He has successfully guided over twenty projects from design inception to construction in the U.S., Caribbean, and the Middle East.

Before joining Green Mills, Boris had spent over 8 years as a Project Manager for luxury condominium developers in South Florida. Prior to his transition to the real estate development world, he had spent over 20 years in one of Miami’s largest and most successful architectural firms. Cumulatively, he has over 28 years of experience in the Design and Construction industry.

Boris holds a degree in Architectural Technology, and a Bachelor’s degree in architecture from the University of Miami.

Laura graduated with high honors from Florida International University, earning a Bachelor of Business Administration in Finance.

ANDRES DEFELICE DEVELOPMENT MANAGER

Andres joined Green Mills in mid-2022, soon after receiving his Master’s of Science in International Real Estate from Florida International University (FIU).

As a Development Manager, he is involved in all phases of the development cycle including but not limited to site acquisition, due diligence, funding procurement, construction management, and stabilization of the asset.

Before stepping into the development realm, Andres built a robust foundation in the real estate sector over five years as a Realtor Associate, focusing on both residential and commercial property acquisitions, sales, leasing, and management. Simultaneously, he earned his Bachelor’s degree in Business Administration with a focus on Real Estate from FIU, melding academic insights with hands-on experience.

ISIDORO BERAJA ACQUISITIONS ANALYST

Isi joined Green Mills in 2021 as an intern, while completing his undergraduate studies at University of Miami. After his graduation, Isi obtained a Masters in Business Administration from the University of Miami, with a concentration in Real Estate. He is responsible for analyzing and underwriting development opportunities throughout the state, and assists in the pre-development and asset management of Green Mills properties.

Isi was born in the Coconut Grove neighborhood in Miami, Florida. He is actively involved in the Greater Miami Jewish Federation and enjoys playing basketball in his spare time.

MANNY DIAZ DEVELOPMENT ASSOCIATE

Manny began his career with a strong foundation in operations and project management, accumulating 4 years of experience in the field.

After completing his undergraduate studies in Real Estate & Finance at Florida International University, he furthered his education by earning a Master of Science in International Real Estate (MSIRE) from FIU.

Manny is involved in all phases of development from inception to completion, including acquisitions, due diligence, funding procurement, financial analysis, construction management, and asset stabilization.

Outside of work, Manny enjoys free diving, fishing, and outdoor activities with friends, alongside exploring personal investment opportunities.

EYVONNE KAFOUROS

OFFICE MANAGER

Eyvonne joined Green Mills in 2024, bringing over 20 years of experience in real estate sales and hotel/income property management.

With her extensive background, she plays a key role in supporting operations. Her expertise and attention to detail help keep the office running smoothly, contributing to the continued success of the team.

In her free time, Eyvonne loves spending quality time with her family, especially cheering on her daughter as she competes in local barrel racing events. As a fitness enthusiast, she also stays active and energized by training regularly at her local CrossFit gym.

MATT MALCOM, CPA ACCOUNTANT

Matt provides accounting, audit and compliance support to Green Mills. Matt is a licensed Certified Public Accountant with over 15 years of experience working with various types of tax credit-financed transactions.

With 15 years of accounting experience working on publicly financed transactions, Matt handles Green Mills’ GAAP accounting and reporting functions and assists with structuring and controlling functions when needed.

Matt also assists with Human Resources and related matters.

GENE STRICKLAND

SITE PROCUREMENT & GOVERNMENT RELATIONS

Mr. Strickland’s work centers around real estate brokerage services concerning site acquisitions, site entitlements, and communications with local government officials. Gene has been involved in affordable housing developments throughout Central Florida working closely with Green Mills’ principals.

He retired as City Manager after 34 years of service with the City of Lakeland, Florida.

Gene is a Florida native who graduated from Florida State University and University of Pennsylvania with a Master’s degree. Gene was named “Man of the Year” by the Florida Municipal Electric Association and is a Life Member of the Florida City and County Management Association. He served nine years in the Army Reserves after retirement from City service. Gene is also a member of the First United Methodist Church.

PRISCILLA HOWARD

TECHNICAL & APPLICATION SUPPORT

Mrs. Howard serves as a local liaison for Green Mills and she provides strategic insights into funding applications and peer review services.

Mrs. Howard has over 34 years of housing experience, starting with the Department of Community Affairs where she administered the Enterprise Zone and Community Contribution Tax Credit programs.

She then served as Chief Development Officer Florida Housing Finance Corporation where she managed the SAIL, SHIP, Housing Credit, Singlefamily and Multifamily Bond, Predevelopment Loan, and HOME.

HARRY W. SMITH, FLORIDA STATE GENERAL CONTRACTOR

Mr. Smith served as Vice President and G.C. Licensed qualifier at Royal American Construction Company for over 25 years, bringing 45+ years of experience in multi-family construction focused on HUD, Farmers Home, and LIHTC projects (among others).

Harry has in depth knowledge and was the qualifying General Contractor on several Green Mills Group developments, providing construction bidding oversight, subcontractor negotiation/selection, construction execution, and overall quality control.

About 50% of the new and rehabilitation construction developments Harry managed required compliance with Davis-Bacon Wage Determination, Labor Standards, certified payrolls, and contractor/ subcontractor certifications regarding Section 3 and Segregated Facilities.

ORGANIZATIONAL CHART

EXPERTISE

Green Mills’ expertise includes layering various public and private financing sources while applying them towards community development. Our collective experience includes closing over $1 billion in public and private financing, utilizing the following programs:

Conventional, Institutional, and Private Equity

4% and 9% LIHTC Equity

Private, Bank, and Institutional Debt

Tax-exempt Multifamily Revenue Bonds

Public Housing Capital Sources

HUD Mixed-Financing

80/20 Mixed-Income Structures

Public Housing RAD Conversion

CDBG, HOME, SHIP, SURTAX, and SAIL mortgages

State Renewable Energy Subsidies

Federal Renewable Energy Tax Credits

HUD-VASH Vouchers

Tax Increment Financing (TIF)

Project Based Rental Assistance (PBRA)

Federal Home Loan Bank Mortgages

Hurricane and Disaster Recovery Funds

The company has an extensive network of banking/investor relationships and benefits from the principals’ stellar track record, having never defaulted on a loan obligation. Moreover, Green Mills has never failed to close on financing or failed to build a funded development. Multiple bank references demonstrate financial capacity and track record.

Aida Palms - Lakeland, FL

EXPERTISE CONT.

Green Mills Group has experience complying with Section 3 requirements, as demonstrated by current developments Burlington Post II and Griffin Lofts, as well as our recently completed community, Parker Pointe, in Lakeland, FL. Green Mills proactively encourages and solicits Section 3, minority/woman/ veteran owned, businesses, etc. which fosters an inclusive and diverse development team which contributes to economic empowerment.

Additionally, Green Mills’ in-house construction specialist, Harry Smith, is a Florida State Certified General Contractor and has over 45 years of experience. The following chart highlights a selection of Mr. Smith’s completed projects demonstrating his Section 3 and Davis-Bacon experience:

Harry Smith's Section 3 / Davis Bacon Experience (Summarized)

COMMUNITIES

AIDA PALMS

Aida Palms is an in-fill, $16.5MM new construction with 96 affordable residences, on-site management, community amenities, and energy efficient design. Green Mills was recommended by Florida Housing Finance Corporation (“FHFC”) for an allocation of competitive 9% tax credits in early 2015. Raymond James provided tax credit equity and Florida Community Loan Fund provided long-term senior debt.

The community features a fitness area, pool, community room, business center / library, and game room. Its central location in Lakeland provides residents with quick and easy access to local amenities such as groceries, schools, bus stations, and medical facilities. Aida Palms is fully leased and maintains a wait list.

Location: Lakeland, FL

Project Details: 96 Multi-family Apartments

Construction Start / Completion: 2016/2017

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): JP Morgan Chase, Florida Community Loan Fund, Polk County

Limited Partner: Raymond James Affordable Housing Investments

Development Cost: $16.5MM

FOREST RIDGE

Forest Ridge is a $17MM new construction, 55+ community with 119 residences, a clubhouse, and amenities. Forest Ridge received a competitive 9% annual tax credit allocation of $1.51MM from FHFC in December 2013. It was also awarded a $500,000 AHP grant from Federal Home Loan Bank of Atlanta.

US Bank provided tax credit equity and senior debt. Citrus County awarded Forest Ridge with a subordinate SHIP loan.

Construction commenced December 2014, concurrent with tax credit equity and debt financial closings. Final Certificates of Occupancy were received in Q4 2015. The property received green certifications for its energy efficient and sustainable features, including low-flow fixtures, solar array, SEER rated appliances, etc. After three months, Forest Ridge was 100% leased, far exceeding third-party market study expectations, and currently maintains a waiting list.

Location: Beverly Hills, FL

Project Details: 119 Multi-family Apartments

Construction Start / Completion: 2014/2015

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): US Bank, Citrus County, Churchill Stateside Group

Limited Partner: US Bank

Development Cost: $17.6MM

BURLINGTON PLACE

Burlington Place is a 53 unit mid-rise community located within St. Petersburg’s Historic Kenwood neighborhood. The new construction development is within close proximity to neighborhood amenities and public transportation. Burlington Place was selected for a $1,105,000 annual allocation of competitive 9% tax credits in early 2015 by Florida Housing Finance Corporation. Raymond James provided tax credit equity, Neighborhood Lending Partners provided senior debt, and the City of St. Petersburg provided subordinate debt.

Burlington Place contains many on-site amenities such as a fitness center, club/game room, and business center. Burlington Place has on-site management and a resident activities coordinator. The community is fully leased and maintains a waiting list.

Location: St. Petersburg, FL

Project Details: 53 Multi-family Apartments

Construction Start / Completion: 2016/2017

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): TD Bank, Neighborhood Lending Partners, City of St. Petersburg

Limited Partner: Raymond James Affordable Housing Investments

Development Cost: $12.4MM

KARIS VILLAGE

Karis Village is a $28MM new construction supportive housing community with 88 units, half of which are set aside for formerly homeless veterans.

Karis Village was recommended by Florida Housing staff for an annual tax credit allocation of $2,180,000 plus $4,300,000 of SAIL subsidy. The development competed for the set-aside subsidy and was selected based on both subjective and objective metrics.

Green Mills co-developed the community with Carrfour Supportive Housing, Inc., one of Florida’s largest and most successful nonprofit affordable developers and service providers. Hudson Housing provided tax credit equity, Capital One provided a construction loan, and FHFC financed the long-term SAIL loan.

Karis Village has a dedicated supportive services team and includes robust amenities. Karis Village was completed in 2018 and maintains full occupancy.

Location: Miami, FL

Project Details: 88 Multi-family Apartments

Construction Start / Completion: 2016/2018

Green Mills Group: Co-developer / Asset Manager

Lender(s): Capital One, Florida Housing Finance Corporation, Miami-Dade County

Limited Partner: Hudson Housing

Development Cost: $28.3MM

BURLINGTON POST

Burlington Post provides 86 affordable residences to seniors (age 55+) in St. Petersburg, FL. The $19MM+ new construction, mid-rise community is “green” certified and contains many on-site amenities, including a community center, outdoor garden with fireplace, fitness center, library, and professional management.

Burlington Post was financed with competitive 9% tax credit equity via Raymond James, conventional debt from Neighborhood Lending Partners, and other gap subsidies including SHIP funds from the City of St. Petersburg.

Located in the artistic Kenwood neighborhood, Burlington Post completed construction in 2018 and is marketed to seniors. The community maintains full occupancy and a waiting list.

Location: St. Petersburg, FL

Project Details: 86 Multi-family Apartments

Construction Start / Completion: 2017/2018

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): Raymond James Bank, City of St. Petersburg

Limited Partner: Raymond James Affordable Housing

Investments

Development Cost: $19MM

SILVER CREEK

Silver Creek is a mixed-use, urban in-fill, $26MM new construction mid-rise with 90 residences, onsite management, and various community amenities. Construction commenced in 2018 and completed in 2020.

Silver Creek is financed with 9% Low Income Housing Tax Credit (LIHTC) equity via Raymond James, conventional debt from Florida Community Loan Fund, and other gap subsidies including Miami-Dade County Surtax funds.

Silver Creek is a mixed-income family community – with low-income, workforce, and market rate residences – and includes third-party retail on the ground floor leased to a local nonprofit focused on small business incubation. Silver Creek is fully occupied and maintains a waiting list.

Location: Miami, FL

Project Details: 90 Multi-family Apartments (Mixedincome)

Construction Start / Completion: 2018/2020

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): TD Bank, Florida Community Loan Fund, MiamiDade County

Limited Partner: Raymond James Affordable Housing

Investments

Development Cost: $26MM

MIDTOWN LOFTS

Midtown Lofts, a newly completed mixed-income development in Lakeland, Florida, provides 80 mixedincome residences serving families in Polk County. The $16MM community was recommended by FHFC to receive 9% tax credits in 2018 under a highly competitive ‘Community Revitalization’ RFA. Moreover, we worked closely with the City of Lakeland to acquire City-owned land.

Tax credit equity was provided by Raymond James and debt was provided by the City of Lakeland CRA, Fifth Third Bank, and Florida Community Loan Fund. Financial closing and construction commencement occurred in Q4 2019 and it was completed in early 2021. Midtown Lofts includes both affordable and market-rate residences, and currently maintains full occupancy with a waiting list.

Location: Lakeland, FL

Project Details: : 80 Multi-family Apartments (Mixed-income)

Construction Start / Completion: 2019/2021

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): Fifth Third Bank, Florida Community Loan Fund, City of Lakeland

Limited Partner: Raymond James Affordable Housing

Investments

Development Cost: $16.3MM

NORTHSIDE COMMONS

Northside Commons is a new construction, high-rise, mixed-income community in Miami, Florida. Green Mills partnered with non-profit Carrfour Supportive Housing to develop this $27MM+, fully amenitized affordable housing development serving families with disabling conditions. The ground floor of Northside Commons was built as a Community Service Facility for Key Clubhouse, a local organization that provides job training and resources for disable individuals.

Northside Commons received a competitive 9% tax credit allocation and SAIL/ELI subsidies from FHFC in spring of 2018. Financial closing and groundbreaking occurred in 2020, and construction completed in 2021. Northside Commons maintains full occupancy.

Location: Miami, FL

Project Details: 80 Multi-family Apartments

Construction Start / Completion: 2020/2021

Green Mills Group: Co-developer

Lender(s): Neighborhood Lending Partners, Florida

Housing Finance Corporation, Miami-Dade County

Limited Partner: Hudson Housing Development Cost: $27.8MM

SEVEN ON SEVENTH

Seven on Seventh is a supportive housing community in Fort Lauderdale, Florida with 72 apartments, abundant amenities, resources, and services. Seven on Seventh is an extension of the existing, award-winning Broward County Central Homeless Assistance Center (CHAC) which is operated by Broward Partnership for the Homeless, Inc. (BPHI).

Green Mills is Seven on Seventh’s lead developer, managing General Partner, and asset manager. BPHI is Green Mills’ co-developer, partner, service provider, and land lessor. The community’s tenants benefit from comprehensive services provided within BPHI’s state-of-the-art campus setting, personalized case management, and access to communitybased services.

Seven on Seventh was recommended for funding by FHFC to receive a competitive 9% tax credit allocation and SAIL debt in the spring of 2019. Financing closed and construction began in Q3 2021; construction was completed in 2023.

Location: Fort Lauderdale, FL

Project Details: 72 Multi-family Apartments

Construction Start / Completion: 2021/2023

Green Mills Group: Co-developer / Co-owner / Asset Manager

Lender(s): Fifth Third Bank, Florida Housing Finance Corporation

Limited Partner: Raymond James Affordable Housing Investments

Development Cost: $28MM

AUBURN VILLAGE

Auburn Village is an affordable seniors (age 55+) community with 102 homes in Polk County, FL. The building received “green” certification from NGBS and has many on-site amenities, including a resort-style pool, clubroom, gameroom, gym, library, community garden, dog park, and professional on-site property management.

Green Mills acquired the vacant property from a private land seller, and is the lead developer and managing partner. Auburn Village was awarded a competitive 9% tax credit allocation from FHFC in March 2019. Green Mills closed on financing and broke ground in late 2020 and construction was completed in 2022. The property remains full and maintains a long waitlist for tenancy.

Location: Auburndale, FL

Project Details: 102 Multi-family Apartments

Construction Start / Completion: 2020/2022

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): Fifth Third Bank, Neighborhood Lending Partners, Polk County

Limited Partner: Fallbrook Multifamily

Development Cost: $20MM

HERITAGE PARK

Heritage Park is a mixed-income 108 unit development in the City of Melbourne, Brevard County, Florida. The community was developed in partnership with non-profit Carrfour Supportive Housing. A portion of Heritage Park’s residences are reserved for formerly homeless or “at risk” individuals and families, and the community includes robust on-site amenities and professional property management. Carrfour provides additional supportive services to Heritage Park’s residents.

Heritage Park was recommended for funding by FHFC to receive a competitive 9% tax credit allocation and SAIL/ ELI subsidies in spring of 2018. Financial closing and groundbreaking occurred in late 2019. The development completed construction in 2021 and maintains full occupancy.

Location: Melbourne, FL

Project Details: 108 Multi-family Apartments (Mixed-income)

Construction Start / Completion: 2019/2021

Green Mills Group: Co-Developer

Lender(s): Bank of America, Florida Housing Finance

Corporation, Steadytown

Limited Partner: Enterprise

Development Cost: $22MM

COLONNADE PARK

Colonnade Park is a workforce and affordable housing community in the City of Inverness located in Citrus County, FL. Residents have access to a resort-style swimming pool, fitness center, club room, game room, picnic shelter, BBQ area, and professional on-site property management. Construction was “green” certified by the NGBS.

Green Mills acquired the property from a private land seller and is the lead developer and managing partner. Construction broke ground in late 2019 and was completed in 2021.

Location: Inverness, FL

Project Details: 106 Multi-family Apartments

Construction Start / Completion: 2019/2021

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): US Bank, Citrus County

Limited Partner: US Bank

Development Cost: $17MM

PARKER POINTE

Parker Pointe is a workforce housing community with 88 residences in Lakeland, FL. Residents enjoy access to a clubroom, gameroom, gym, picnic pavilion, tot-lot, and dog park.

Green Mills was selected by the City of Lakeland through a competitive RFP process to develop the property.

Green Mills is the lead developer and managing general partner. Parker Pointe was awarded a competitive CDBG allocation and 4% LIHTC’s from the FHFC in winter of 2019.

Construction broke ground in November 2021 and was completed in 2023.

Location: Lakeland, FL

Project Details: 88 Units Multi-family Apartments

Construction Start / Completion: 2021/2023

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): JP Chase, Florida Housing Finance Corporation

Limited Partner: Raymond James Affordable Housing

Investments

Development Cost: $20MM

GRIFFIN LOFTS

Griffin Lofts is a new construction, mid-rise, affordable housing community in Lakeland, Florida. Green Mills partnered with non-profit Carrfour Supportive Housing to develop this $27MM+, fully-amenitized development that will serve formerly homeless and low-income households. Additionally, an on-site Carrfour Employment and Training Coordinator will assist residents in navigating educational/ training programs and employment opportunities.

Griffin Lofts received a competitive 9% tax credit allocation and SAIL/ELI subsidies from FHFC in spring of 2022. Financial closing and groundbreaking will occur Q4 2023, and units will be ready for occupancy in early 2025.

Location: Lakeland, FL

Project Details: 60 Units Multi-family Apartments

Demographic: Family / Supportive

Est. Construction Start / Completion: 2023 / 2025

Green Mills Group: Co-Developer

Lender(s): Florida Housing Finance Corporation, Florida

Community Loan Fund

Limited Partner: Enterprise Housing Credit Investments

Development Cost: $27.5MM

BURLINGTON POST II

Burlington Post II will be a $30MM+ new construction, mid-rise, affordable housing community in St. Petersburg, Florida serving low-income seniors. The development will be a second phase built on the existing surface parking lot (approximately one acre) of the first phase, Burlington Post. Future residents will enjoy access to a fitness studio, library / computer room, community / game room, 24-hour laundry rooms, and on-site management and maintenance.

Burlington Post II was allocated 4% tax credits, SAIL, ELI and NHTF subsidies from FHFC in July 2023. Financial closing and groundbreaking occurred in August 2024. We anticipate placing the first units in service in late 2025.

Location: St. Petersburg, FL

Project Details: 75 units Multi-family Apartments

Est. Construction Start / Completion: 2024 / 2025

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): Florida Housing Finance Corporation, Fifth Third Bank, City of St. Petersburg, Pinellas County, Neighborhood Lending Partners of Florida

Limited Partner: Raymond James Affordable Housing Investments

Development Cost : $30.4MM

POINCIANA PARC

Poinciana Parc will be a $25MM+ new construction, midrise, affordable housing community in unincorporated Osceola County serving low-income seniors. Future residents will enjoy access to a fitness studio, business center, club/game room, 24-hour laundry room, and on-site management / maintenance.

Poinciana Parc was awarded a competitive 9% tax credit allocation from the FHFC in May 2023 and is expected to close financing and begin construction in Q4 2024. We anticipate placing first units in service in Q4 2025.

Location: Unincorporated Osceola, FL

Project Details: 86 units Multi-family Apartments

Est. Construction Start / Completion: 2024 / 2025

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): Florida Housing Finance Corporation, TD Bank

Limited Partner: Raymond James Affordable Housing

Investments

Development Cost: $25.8MM

LOFTS ON 6TH

Co-developed by Green Mills and non-profit The Pantry of Broward, Inc. (“The Pantry”), Lofts on 6th will be a $40MM+ new construction, high-rise, mixed-use affordable housing community with 90 units for seniors in Fort Lauderdale, Florida. Located just minutes from vibrant downtown Fort Lauderdale, residents will have access to various neighborhood amenities and will enjoy a clubroom, game room, interactive library, gym, and more. Construction will meet or exceed the NGBS “green” certification requirements. The development will also include a new distribution warehouse and office spaces for The Pantry within the completed development.

Green Mills is the lead developer and managing partner, while The Pantry is a co-developer, co-GP, and long-term ground lessor. Lofts on 6th was awarded a competitive 9% tax credit allocation from the FHFC in January 2024, and both the City of Fort Lauderdale and Broward County have committed long-term subordinate debt. Financial closing and groundbreaking are expected Q2 2025 and completion is anticipated for summer 2026.

Location: Fort Lauderdale, FL

Project Details: 90 Units Multi-family Apartments

Est. Construction Start / Completion: 2025/2026

Green Mills Group: Co-Developer / Co-Owner / Asset Manager

Lender(s): Senior Lender TBD, Broward County, Fort Lauderdale

Limited Partner: TBD

Development Cost: $40MM

TRINITY VILLAGE

Co-developed by Green Mills and Trinity Church, Trinity Village will be a $34MM+ new construction, garden style, affordable housing community in Haines City, Florida. The community will provide 102 affordable residences to senior households in Polk County who will have access to a clubroom, game room, interactive library, gym, and onsite management/maintenance. Construction will meet or exceed the NGBS “green” certification requirements.

Trinity Church entered into a long-term ground lease with Green Mills so that it can keep ownership of its legacy property, and it will be a co-developer and co-GP. Our team was recommended for a competitive 9% tax credit allocation by the FHFC in summer 2024. We expect to close financing and begin construction in Q4 2025, and we anticipate placing first units in service in Q1 2028.

Location: Haines City, FL

Project Details: 102 units Multi-family Apartments

Est. Construction Start / Completion: 2025 / 2026

Green Mills Group: Developer / Owner / Asset Manager

Lender(s): Florida Housing Finance Corporation, Haines City

Limited Partner: TBD

Development Cost: $34.3MM