HTG Plans 84-Unit Mosaic Affordable Housing Project In Hollywood

• 1708 N. Dixie Highway, Hollywood, FL: Housing Trust Group plans Mosaic Hollywood, a 10-story affordable housing development with 84 apartments.
• The 21,261-square-foot site is under contract for approximately $2.6 million, with the City of Hollywood committing a $1.95 million loan toward acquisition.
• The project will include 77 one-bedroom and seven two-bedroom units, with rents targeted across 30% to 80% of area median income.
• Plans call for 103 parking spaces, a swimming pool, fitness center and clubroom, with HTG pursuing Florida Housing Finance Corp. financing.

What HTG Is Planning On Dixie Highway

Housing Trust Group is advancing Mosaic Hollywood, a proposed 84-unit affordable multifamily development at 1708 N. Dixie Highway in Hollywood. The 10-story project would replace the existing site with a new residential building under Florida's Live Local Act framework. City documents describe the development as a mixed-income community serving households across several income levels.The site sits at the corner of N. Dixie Highway and Taft Street and totals approximately half an acre.  The property is zoned DH-3, Dixie Highway High Intensity Mixed-Use, which allows multifamily development among other uses.

 

 

What The 84 Units Will Offer

Mosaic Hollywood will contain 77 one-bedroom and seven two-bedroom apartments, with units ranging from approximately 650 to 897 square feet. The affordability breakdown is particularly significant, with 13 units at or below 30% AMI, 42 at or below 60% AMI, 19 at or below 70% AMI and 10 at or below 80% AMI. HTG also plans to provide a leasing preference for veterans, subject to applicable requirements. The development is planned with 103 parking spaces, averaging roughly 1.23 spaces per residence, along with a swimming pool, fitness center and clubroom.

What The $1.95M Hollywood Loan Means

The City of Hollywood approved a $1.95 million interlocal agreement loan to help HTG acquire the property and establish site control for Mosaic. The city described the funding as part of its effort to facilitate affordable housing development and support HTG's application for state financing. HTG plans to pursue financing through the Florida Housing Finance Corp., including the agency's 9% Low-Income Housing Tax Credit program. The developer will still need to secure the necessary state funding before the project's full capital stack is assembled. For affordable housing developers, the structure shows how local funding can help unlock larger state and federal housing resources while allowing projects to move forward on land that might otherwise be difficult to finance.

What Live Local Means For The Project

Mosaic is being advanced through Florida's Live Local Act, which provides development incentives for qualifying affordable housing projects. The city's documentation identifies Mosaic as a proposed Live Local Act development, while HTG's affordability structure exceeds the minimum threshold cited in the state framework. The project is also part of HTG's broader South Florida affordable housing pipeline. The developer is separately advancing Lakeview at Naranja, a more than 300-unit project in Homestead targeting households earning between 30% and 80% of AMI.

What Comes Next For Mosaic Hollywood

HTG still needs to complete the property acquisition and secure state housing financing before construction can move forward. The city's September action gives the developer an important step toward site control, while the planned 84 units would add new affordable rental inventory along a rapidly changing section of Dixie Highway. For multifamily investors and developers, Mosaic also highlights the growing role of Live Local, LIHTC financing and local government support in getting affordable housing projects across South Florida into the development pipeline.