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Palm Beach County commissioners direct staff to refine homeownership strategies and issue a for‑sale bond RFP
Summary
At a workshop, county staff presented three options to increase homeownership (convey county lots with low-cost loans; offer permanent developer subsidies; expand buyer down-payment assistance). Commissioners asked for analyses on amortization, equity sharing, density and directed staff to issue a for‑sale housing bond RFP to test market interest.
Palm Beach County commissioners on Tuesday spent a workshop session reviewing options aimed at increasing homeownership and directed staff to return with more detailed analyses before final program design.
County housing staff, led in presentation by Jonathan (county housing staff) and Carlos Serrano, deputy director of Housing and Economic Development, outlined three primary approaches: offering county-owned infill lots to developers via competitive RFPs and low-interest construction financing; providing permanent development subsidies where part of a loan principal is forgiven and secured by title restrictions; and continuing direct buyer assistance programs that offer purchase assistance (up to $100,000) provided as…
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