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Commission highlights affordable housing push as it approves financing for eight projects
Summary
The county commission unanimously approved item 33, a package of gap-financed affordable housing projects across Broward County. Commissioners praised staff and the housing finance team for moving multiple developments forward.
The Broward County Commission on May 20 voted unanimously to approve a package of eight affordable housing projects that county officials said will add a mix of larger and smaller developments across the county.
Senator (Commissioner) Nan Rich, who pulled item 33 for comment before the vote, framed the package as evidence of the board's sustained focus on affordable housing and thanked staff leader Ralph Stone and the county's housing finance team for assembling gap financing that made the projects viable.
Rich said the approval covers four larger developments totaling roughly 400 units and four smaller projects, including a single-family homes component. She praised the staff's ability to design financing to allow varied project types across the county.
Commissioner Rogers and others noted recent ribbon cuttings in Hollywood and Dania Beach as examples of projects that have come to fruition with county support. Commissioners moved the item (motion from Senator Rich, second from Commissioner Rogers) and approved it without opposition.
Ending: Staff will proceed with closing and financing steps for the eight projects; commissioners asked staff to continue work that prioritizes varied housing types across Broward County.
