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Lee County clears up to $50.5 million in Housing Finance Authority bonds for two Fort Myers affordable rental projects
Summary
The board approved two separate Housing Finance Authority bond issuances—up to $25.5 million for Residence 2 (140 units) and up to $25 million for Hawks Landing (204 units)—and the county noted these bonds do not constitute county debt.
The Lee County Board of County Commissioners voted on Tuesday to approve two advertised public hearings authorizing the issuance of multifamily mortgage revenue bonds by the Housing Finance Authority of Lee County to support affordable rental housing in Fort Myers.
The first hearing approved bonds not to exceed $25,500,000 to fund Residence 2, a 140‑unit affordable multifamily rental project in the city of Fort Myers. The board then approved a second hearing authorizing…
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