WM at the River

The WM at the River, LP development project is the result of a partnership between The Housing Authority of the City of Daytona Beach (HACDB) and Knight Development to rehabilitate the Windsor and Maley high-rise apartments. Located adjacent to each other, the towers have a combined 298 efficiency, 1-bedroom, and 2-bedroom units which are designated for the elderly and disabled. 

The communities are conveniently located directly across from the scenic Halifax River and near educational and entertainment opportunities including: Bethune Cookman University, Daytona State College, Embry-Riddle University and Daytona International Speedway. This community is designed to support a high quality of life for seniors aging in place.

This project will be financed, managed, and marketed as a single entity having its own HAP contract. All of the units are currently marketed through one city-wide waitlist. The project will utilize 4% Low Income Housing Tax credits, (LIHTC) available through the utilization of the tax-exempt Bonds. HACDB will serve as the Bond Issuer. It is anticipated that the bonds will be cash collateralized and have a short-term tender. The permanent debt will be through non-FHA financing.

Amenities & Upgrades may include:

• Updated kitchen & bathrooms

• New flooring, doors & lighting

• Upgraded building systems & elevators

• Energy-efficient appliances

• Modern leasing offices and community spaces

• Meeting & exercise rooms

• Community kitchen & library

• Gated entry & private parking

• Flooding abatement & storm-resistant features