Land authority approves additional funding request for Landings at Sugarloaf Key; underwriting review required
The Monroe County Land Authority on Aug. 20 advanced a request to fill a financing gap on The Landings at Sugarloaf Key after First Housing completed a subsidy‑layering review and staff and commissioners pressed developers on rising costs and a large developer fee.
The full story
The Monroe County Land Authority on Aug. 20 advanced a request for additional public funding for The Landings at Sugarloaf Key, approving the matter after hearing a detailed underwriting review and developer presentation. The project developer said costs rose after five years of predevelopment; officials said tax-credit pricing, construction cost increases and higher insurance and interest expenses drove the gap.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in