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Fort Myers council approves funding and fee waivers for two affordable housing projects
Summary
Council approved contributions from the Affordable Housing Trust Fund and waived various impact and permit fees to help close financing gaps for two affordable developments: Legacy Park (approximately 130 units) and Reserve at Eastwood (360 units). Officials emphasized increasing construction costs and the need to accelerate unit delivery.
The Fort Myers City Council on March 3 approved financial contributions and impact-fee waivers to support two affordable-housing developments in the city.
Legacy Park (item 7.3): Council approved a request that included a $450,294 contribution from the Affordable Housing Trust Fund to cover 60% of water/sewer connection costs, an impact-fee waiver of $594,418.47 (road, fire, EMS, school, parks and administrative fees) and building-permit fee…
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