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Commissioners approve several housing-bond projects, postpone and deny others amid debate over scoring and leverage
Summary
The board approved multiple affordable and workforce projects recommended from the county's housing bond RFPs, denied or deferred others (including CityView denied and Seventh on Haverhill postponed to January) after developer testimony and discussion about scoring, cost-per-unit and tax-credit impacts.
The Palm Beach County Board of County Commissioners approved a package of projects recommended from the county's housing bond request-for-proposal process on December 1, while denying or postponing several others after lengthy debate over scoring, leverage and cost-per-unit.
Staff said six affordable projects were recommended for approval, requesting approximately $54 million in county loans to produce roughly 770 county-assisted units at an average county investment of $70,238 per unit. Workforce housing proposals produced two responsive projects for consideration; the board reviewed both workforce and affordable proposals in a combined session (staff presentation: SEG 2610-2770; project details: SEG 2648-2707).
Among the recommended projects were WAVE at Potomac, Residences at Country Grove and Arise in Lake Worth Beach; staff also detailed…
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