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CRA launches ambitious plan to tackle affordable housing crisis

September 25, 2024 | Hallandale Beach, Broward County, Florida


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CRA launches ambitious plan to tackle affordable housing crisis
In a recent government meeting, officials discussed significant advancements in affordable housing projects aimed at addressing the pressing needs of the Hallandale Beach community. The highlight was the Lakehouse Project, which involves the renovation of an existing duplex and the construction of 21 new rental units. These units will feature various models, including two-bedroom and three-bedroom apartments, designed to accommodate families in the area.

The project is notable for its use of modular construction, allowing for improved quality control and reduced construction time, with an anticipated start date in the second quarter of fiscal year 2025. The modular approach is expected to save approximately three months in construction time, while also mitigating delays caused by adverse weather conditions.

Officials emphasized the challenges faced in creating affordable housing, citing difficulties in collaborating with property owners to either construct new units or rehabilitate existing ones. The Community Redevelopment Agency (CRA) has set an ambitious goal of developing 50 new affordable housing units over the next few years, alongside partnerships with other developers.

In addition to residential projects, the meeting also covered the Hallandale City Center project, which will provide approximately 6,000 square feet of commercial space, including an incubator for local businesses. This initiative aims to support entrepreneurship within the community, particularly through a commercial kitchen that will enable residents to sell their products.

Despite these efforts, concerns were raised regarding the affordability of housing in the area, with market rents significantly outpacing what many residents can afford. The CRA has committed to investing $1 million to ensure that a portion of the housing remains affordable, addressing the growing issue of gentrification and its impact on local residents.

Overall, the meeting underscored the CRA's commitment to enhancing affordable housing options and fostering economic development in Hallandale Beach, while acknowledging the complexities and challenges inherent in these initiatives.

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