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Pensacola approves $700,000 CDBG loan for Cooprian Manor senior housing project
Pensacola City Council · December 11, 2025
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Summary
The council unanimously approved a $700,000 Community Development Block Grant loan to support Cooprian Manor, a 94‑unit senior housing project using 4% low‑income housing tax credits; units will be restricted at or below 80% AMI for the first 50 years.
Pensacola’s City Council voted unanimously on Dec. 11 to approve a $700,000 developer loan using Community Development Block Grant disaster recovery funds to support Cooprian Manor, a 94‑unit affordable senior housing project financed with 4% low‑income housing tax credits.
Housing staff told the council the project will…
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