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Lee County approves $20M CDBG‑DR loan to build 288 affordable units at Reserve at Eastwood
Board of County Commissioners of Lee County, Florida · April 7, 2026
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Summary
The board approved loan documents using $20 million in CDBG‑DR funds for the Reserve at Eastwood, an $86 million development in Fort Myers that will create 288 affordable units subject to a 30‑year affordability period.
Lee County commissioners approved loan documents April 7 that will commit $20 million in Community Development Block Grant Disaster Recovery (CDBG‑DR) funds to the Reserve at Eastwood, a proposed affordable multi‑family development in Fort Myers.
Nicole Turner, who…
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