In November 2019, Fairstead acquired
Federation Gardens, a 100% affordable Section 8 project located in Miami, FL. As part of the 40-year preservation, all 161 apartments will remain affordable to seniors earning no more than 60% of the area median income.
Through strategic in-unit and common area rehabilitation,
Fairstead’s long-term preservation of Federation Gardens will significantly enhance the living environment for residents. Fairstead’s 12-month rehabilitation plan includes: the renovation of all units, UFAS and HVI accessibility, and extensive renovations of common areas, including the gym, lobby, community room and library.
Additionally, Fairstead aims to further enhance the well-being of its senior residents and strengthen community with a robust social services program including education, meals programs, health awareness, employment services, assisted home care, and curated resident events.