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Sarasota Housing Authority outlines 308-unit pipeline, flags unexpected fees
Summary
The Sarasota Housing Authority told the City Commission it has 308 units closing soon, plans another 100-unit phase, and expects about $244,000 in unbudgeted site fees tied to construction on Lemon Avenue.
The Sarasota Housing Authority told the City Commission on March 3 that it has three funded developments totaling about 308 new affordable units that will close and begin construction this year, and it is planning a separate 100-unit phase along Lemon Avenue.
The authority’s president and CEO, William Russell, said the agency has dramatically expanded its inventory over the past 20 years through partnerships with the city, the county and Fortis Development. Russell told commissioners the authority has gone from about 75 public-housing units to more than 2,200 vouchers, 331 affordable units and a mix of project-based rental assistance in recent years.
Russell said the authority’s pipeline includes Loss on Lemon 2 (about 100 units), Cypress Square II (108 units) and Cypress Square III plus Central Gardens…
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