McDowell Housing Partners

McDowell Housing Partners is the Miami-based affordable housing arm of McDowell Properties, formed in 2019 to develop apartments for working households. It leans on tax-exempt bonds, housing tax credits and Florida’s Live Local Act, and it’s been busy in the state’s high-cost coastal counties. Its newest start is Clara Landings at 4470 Santa Barbara Blvd. in Naples, a $35.9 million, 84-unit community built by DeAngelis Diamond and designed by FK Architecture (Fugleberg Koch). Florida Housing Finance Corp. bonds, 4% credits and Hurricane Ian recovery dollars fill out the capital stack. Collier County badly needs units priced for teachers and service workers. Eighty-four won’t close the gap, but they’re real.