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Council approves fee waivers, trust-fund help for two large affordable housing projects
Summary
City council authorized fee waivers and Affordable Housing Trust Fund contributions for Legacy Park Phase 2 (130 senior units) and Reserve at Eastwood (360 units), aiming to close financing gaps and speed construction of low-income and workforce housing in Fort Myers.
The City of Fort Myers on March 3 approved requests from two developers for impact-fee waivers and contributions from the city’s Affordable Housing Trust Fund to help close financing gaps on two affordable housing projects.
Legacy Park Phase 2 (Legacy Park 2) Housing Trust Group sought a three-part package for Legacy Park 2: a partial payment of water and sewer connection fees from the city’s Affordable Housing Trust Fund ($450,294, representing 60% of the connection fee), waivers of specified impact fees (excluding water and sewer impact fees) totaling $594,418.47, and a waiver of building permit fees totaling $216,105.18. The developer said construction costs have risen since initial…
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