Alonzo Mourning, HTG Land $32M to Build Affordable Senior Housing

The $47 million Villa Jordana development in Hollywood, Florida will provide 96 affordable units for seniors.

Published on Feb. 23, 2026

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Housing Trust Group (HTG) and former Miami Heat player Alonzo Mourning's AM Affordable Housing have secured $32 million in construction financing and $44.7 million in permanent financing to build an affordable senior housing community called Villa Jordana in Hollywood, Florida. The 96-unit development will reserve apartments for seniors aged 62 and older earning between 33-60% of the area's median income, with rents ranging from $713 to $1,555 per month.

Why it matters

As South Florida's senior population continues to grow, the need for high-quality, affordable housing options has become increasingly urgent. This project from HTG and Mourning's nonprofit aims to address that need by providing accessible and income-restricted units for low-income seniors in the Hollywood area.

The details

Villa Jordana will be located at 826 South Dixie Highway, about a mile north of the Big Easy Casino. The $47 million development will include 7 fully accessible units for people with disabilities, 5 units designed for residents with mobility impairments, and 2 units for those with hearing or vision impairments. Amenities will include a pool and fitness center. Capital One provided the $32 million construction loan and $10.2 million permanent loan, with additional financing from the City of Hollywood and the Florida Housing Finance Corporation.

  • HTG purchased the site for $3.6 million in 2024.
  • Construction is slated to be completed in 2027.

The players

Housing Trust Group (HTG)

A real estate development firm that has partnered with Alonzo Mourning's nonprofit on affordable housing projects in South Florida.

Alonzo Mourning

A former NBA player and Hall-of-Famer who founded the nonprofit AM Affordable Housing to develop affordable housing communities.

Capital One

The financial institution that provided $32 million in construction financing and $10.2 million in permanent financing for the Villa Jordana project.

City of Hollywood

The local government that provided $640,000 in permanent financing for the affordable housing development.

Florida Housing Finance Corporation

The state agency that is supplying $33.8 million in Low-Income Housing Tax Credit equity for the Villa Jordana project.

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What they’re saying

“As South Florida's senior population continues to grow, the need for high-quality, affordable housing has never been more urgent.”

— Matthew Rieger, President and CEO of Housing Trust Group (Commercial Observer)

What’s next

Construction on the Villa Jordana affordable senior housing development is expected to be completed in 2027.

The takeaway

This project from Housing Trust Group and Alonzo Mourning's nonprofit demonstrates the ongoing need for affordable housing options, especially for low-income seniors, in rapidly growing areas like South Florida. By leveraging public and private financing, they are able to bring 96 income-restricted units online that will provide accessible and high-quality homes for the region's vulnerable elderly population.