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Sunrise tables $640,000 loan decision for Pine Island Park "Live Local" affordable housing project, asks developer for revised elevations
Summary
The Sunrise City Commission on Jan. 14 delayed a final decision on a $640,000 gap loan request for Centennial Management's 120-unit Live Local Pine Island Park project, asking the developer and staff to return with refined exterior elevations and additional review before authorizing the city loan.
The Sunrise City Commission on Jan. 14 voted to table action on a proposed $640,000 city loan commitment to Centennial Management for the Live Local Pine Island Park affordable housing project.
The project, proposed immediately south of Northwest 44th Street just west of Pine Plaza, would be a single 6-story building with 120 residential units targeted to very-low- through moderate-income households (developer materials and staff placed the range at about 22% to 70% of area median income). City Manager Mark Lobelski said Centennial already has state and Broward County funding in place but is seeking the city loan as gap financing. "They're proposing to build 120 residential units," Lobelski told the commission, and he noted Centennial…
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