Riviera Beach Council Approves Development Agreement for Broadway Housing Project

Riviera Beach is set to enhance its housing landscape following a significant decision made during the Community Redevelopment Agency (CRA) meeting on August 27, 2025. The agency approved a development agreement involving the City of Riviera Beach, the Riviera Beach Community Redevelopment Agency (BCRA), Exact Capital, Riviera Gateway LLC, and the Riviera Beach Housing Authority for a new project at 262601 Broadway.

The meeting began with a public comment session, where community member Margaret Shepherd expressed her support for the new housing initiatives. She praised the current Housing Authority Board, highlighting its expertise in real estate and its commitment to addressing the community's housing needs. Shepherd emphasized the importance of affordable and workforce housing, noting the rising rental costs in the area, which have reached approximately $2,900 for a two-bedroom unit.

Shepherd's remarks underscored the urgency for new housing solutions, especially as traditional public housing options have diminished. She urged the board to pass the resolution, expressing confidence that the new projects would significantly benefit the community and provide residents with opportunities for homeownership.

The meeting also included a disclosure from a board member regarding a potential conflict of interest, which was deemed unnecessary as there would be no financial benefit involved. This transparency reflects the board's commitment to ethical governance as they move forward with the development plans.

As Riviera Beach prepares for these new housing developments, the community anticipates positive changes that could enhance living conditions and provide more affordable options for residents. The CRA's decision marks a pivotal step towards addressing the pressing housing challenges faced by many in the area.