Princeton Grove is a modern 107-unit four-story mid-rise affordable 55+ senior and veteran-targeted apartment community located at 475 Aplin Road in Crestview, Okaloosa County, Florida (ZIP 32539), just off South Ferdon Boulevard (State Road 85) and Interstate 10. Developed jointly by Housing Trust Group (HTG) and non-profit AM Affordable Housing, Inc. under Florida Housing Finance Corporation (FHFC) RFA 2021-201 (Application #2022-033C) utilizing State Apartment Incentive Loan (SAIL), Extremely Low Income (ELI), National Housing Trust Fund (NHTF), and 4% Low-Income Housing Tax Credit (LIHTC) financing, the property is registered with the Florida Division of Corporations under Princeton Groves FL Apartments, LP (Sunbiz Doc# B21000000521) and General Partner Princeton Groves FL Apartments GP, LLC (Sunbiz Doc# M21000015646).

Comprising 54 one-bedroom/one-bath and 53 two-bedroom/two-bath elevator-accessible residences, Princeton Grove reserves its apartments for income-qualifying older adults (with at least 80% of units designated for ages 55+ under HOPA and dedicated Link special-needs and veteran set-asides) earning at or below 22%, 30%, and 60% of the Okaloosa County Area Median Income (AMI). Apartments feature energy-efficient appliances, granite-style countertops, ceiling fans, washer/dryer hookups, and accessible bathrooms. Community amenities include a resort-style swimming pool, state-of-the-art fitness center, multipurpose clubhouse and catering kitchen, computer business center, dog park, walking path, and free on-site resident literacy and financial assistance programs. Princeton Grove is located 2.5 miles south of North Okaloosa Medical Center (151 E Redstone Ave), 18 miles north of Eglin Air Force Base and the 96th Medical Group, and is served by EC Rider (850-833-9168) senior paratransit and Elder Services of Okaloosa County.