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BOCC approves $9.58 million for 18 affordable rental units on Cudjoe Key
Summary
The Monroe County Board approved $9,582,900 in county tourist-tax surplus funds to fund acquisition and construction for 18 affordable rental units at 23038 Overseas Highway, Cudjoe Key. The vote included conditions requiring financing commitments and recorded land-use restrictions.
The Monroe County Board of County Commissioners voted Wednesday to approve $9,582,900 in funding to support construction of 18 affordable rental units on Cudjoe Key.
The funding breaks down to $1,670,000 for property acquisition and $8,550,000 for construction. Monroe County staff said the money would be drawn from accumulated surplus tourist development tax and tourist impact tax revenues as allowed by the 2024 state law cited in the staff report and that the Monroe County Housing Authority (MCHA) would build and manage the project.
Why it matters: County staff and the Housing Authority described the project as workforce housing intended…
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