Cypress Garden

Pre-Applications are available now for Cypress Garden affordable housing units.
Income requirements are based on an individual's income.
Your income must range between 40-60% BELOW the Area Median Income (AMI).
Click here to complete the Pre-Application Survey.

The Cypress Garden development is located at 11th & Hickory & Cypress.
60 units are being constructed using 9% LIHTC (Low Income Housing Tax Credit)
Closed October 2022 - Construction started in November 2022 - First Occupancy May 2024

There will be four 2-story garden-style residential buildings with the following:

• 8 one-bedroom units
• 44 two-bedroom units
• 8 three-bedroom units

Monthly rents will be based on the Area Median Income (AMI).
Residents will be selected who are 40% to 60% below the AMI.
Based 40% to 60% below the AMI will allow a range of rents:

• 1 bed rent range - $416.00 - $699.00
• 2 bed rent range - $515.00 - $855.00
• 3 bed rent range - $598.00 - $991.00
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Cypress Garden Developers are Smith/Henzy, Regions Bank & Arcadia Housing Development Corp.

Pictorial updates are being added monthly to our website - check out the progress.