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Palm Beach County commissioners agree to protect minimum $40 million for for‑sale housing, direct staff to revise RFP
Summary
After hearing that 70% of approved units were affordable rentals and only eight were for‑sale, commissioners directed staff to protect at least $40 million for for‑sale housing, ask for a modified RFP after the new year, and work with industry partners to incentivize ownership projects.
Palm Beach County commissioners voted to set aside a minimum of $40 million of remaining housing bond funds for for‑sale housing and asked staff to return after the new year with a modified request for proposals (RFP) and recommendations to attract developers.
The decision followed staff presentations and commissioner questions about program performance. Commissioner Weiss reported that of the housing bond units funded to date, 70 percent (1,487 units) are designated affordable rental and 30 percent (646 units) are workforce rental, with only eight for‑sale units included among the approved…
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