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Lee County approves CDBG-DR awards totaling $34.9 million for two Fort Myers affordable housing projects
Summary
The Lee County Board unanimously approved $17.7 million for Strayhorn Place (80 senior units) and $17.2 million for Saint Peter Claver Phase 2 (72 units) in Fort Myers, funded with Community Development Block Grant Disaster Recovery (CDBG-DR) dollars and tied to long-term affordability requirements.
The Lee County Board of County Commissioners on June 3 approved two CDBG-DR funding agreements to support new affordable multifamily housing in the city of Fort Myers.
Staff said the county will provide $17,700,000 for Strayhorn Place, an 80-unit senior affordable apartment development being built by a nonprofit affiliate of the housing authority, with a 99-year affordability period.…
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