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Board approves $20M in CDBG‑DR funds for 5300 Summerlin affordable housing project
Summary
The Lee County Board authorized $20,000,000 in CDBG‑DR funding toward the 5300 Summerlin Road affordable housing development, a 30‑year affordability project for 230 units with total project cost reported at $93.6M; one public commenter raised concerns about rent increases and resident displacement.
Lee County commissioners voted Feb. 17 to provide $20,000,000 in Community Development Block Grant – Disaster Recovery (CDBG‑DR) funds to the 5300 Summerlin Road affordable housing development. County staff said the funding will support a 30‑year affordability period and that the total project cost is approximately $93,600,000; the project is expected to deliver 230 affordable units.
Nicole Turner presented the request,…
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