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Commission approves impact‑fee credits and multiple housing funding items for affordable projects; approvals tied to state tax credit awards
Summary
The commission approved an impact fee assistance award for a 92‑unit affordable project in Lake Worth and several related housing funding actions, contingent on state tax credit awards and local CRA support. Commissioners pressed developers and staff on per‑unit cost, affordability periods and funding dependencies.
Palm Beach County commissioners approved a package of housing actions that included impact‑fee assistance for a proposed 92‑unit affordable rental development in Lake Worth and several other related amendments to housing funds.
Jonathan Brown of the county Department of Housing and Economic Development presented an impact fee assistance award recommendation for Pinnacle on 6 LLC that would provide impact‑fee credits totaling $283,902 for a 92‑unit project. The project, as presented, would serve households at targeted incomes of 30%, 40% and 80% of area median income and would carry a 30‑year affordability period. County staff listed the total estimated project cost at just over $40,000,000.
Neil Schiller, attorney for…
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