Housing Trust Group Breaks Ground on Affordable Housing Project in Duval County

• Miami-based Housing Trust Group has started construction on the Normandy Cove affordable housing development in Duval County.
• The project is being built near a local high school and will add more affordable housing inventory to Northeast Florida.
• Normandy Cove continues Housing Trust Group’s expansion across Florida’s growing workforce and affordable housing market.

What the Normandy Cove Project Includes

Housing Trust Group has officially broken ground on Normandy Cove, a new affordable housing development planned in Duval County near Jacksonville. The project, located behind a local high school, is part of the continued push to increase affordable and workforce housing supply across Florida as population growth and rising rents continue pressuring residents statewide. While full development details have not yet been publicly released, the project is expected to provide income-restricted apartments aimed at residents struggling with housing affordability in the Jacksonville area. Normandy Cove adds to Housing Trust Group’s growing pipeline of affordable housing communities throughout Florida and other Sun Belt markets. The Miami-based developer has become one of the more active affordable housing builders in the Southeast as demand continues rising for publicly financed residential projects.

What the Development Means for Northeast Florida

Jacksonville and surrounding Duval County communities have seen significant population growth over the last several years, fueled by corporate relocations, job growth, and inbound migration from higher-cost states. That growth has accelerated affordability challenges throughout the region, especially for working-class residents and households earning below area median income levels.

Affordable housing developers have increasingly targeted Northeast Florida because of strong population growth combined with a shortage of lower-cost rental inventory. Projects like Normandy Cove are also benefiting from continued public and private financing support as local governments and housing agencies look for ways to address the state’s housing supply imbalance.

What the Project Signals for Affordable Housing Development

Housing Trust Group’s latest groundbreaking reflects the broader trend of affordable housing becoming one of the more active sectors in Florida development despite tighter lending conditions and rising construction costs. Developers focused on affordable and workforce housing continue finding opportunities through tax credits, public incentives, and long-term demand fundamentals tied to population growth.

At the same time, affordable housing remains one of the most politically important real estate sectors across Florida as rising insurance costs, elevated home prices, and rent growth continue impacting residents statewide. For Housing Trust Group, Normandy Cove further expands the company’s presence across Florida’s affordable housing market as competition for publicly supported housing projects intensifies.