Developers rack up incentives amid Fort Lauderdale affordability crunch
Developers are moving forward with two projects that would bring 210 apartments to Fort Lauderdale as the state grapples with an affordable housing shortage. McDowell Housing Partners is seeking a $640,000 opportunity loan from the City of Fort Lauderdale for a development planned through the state’s Live Local Act, the South Florida Business Journal reported. The law offers tax breaks and zoning incentives to developers who include below market-rate housing. Miami-based developer MHP, led by William Patrick McDowell, filed an application for Ekos Melrose Manor, a 110-unit affordable apartment complex at 2790 West Broward Boulevard. The 1.2-acre site is under […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Will mortgage rates rise to 8% or drop to 6%?
Inside ‘The Cactus House’: A $17 Million Restored Malibu Sanctuary on a Secret Beach
Keeping The Appliances Working for 20+ Years Is Like Winning the Homeowner Jackpot
A Homesteader’s Dream: This 386-Acre Sporting Retreat Uses Transformed Grain Silos as Living Quarters
‘Rare’ 60-Acre Lake George Retreat with Beautifully Restored Midcentury Modern Estate Lists for Under $1 Million
This $31 Million Miami Triplex Penthouse Has Its Own Rooftop Pool and Spa
Squatters Take Over $4.4 Million San Francisco Mansion With Bizarre Ownership History
Dream Finders Homes enters Palm Beach County with $12M acquisition
Benny Blanco Reveals How He and Selena Gomez Hope to Raise Their Future Kids—After Buying $35 Million Marital Mansion
A $5.8 Million Piece of a New York City Landmark Is Up for Grabs in the Iconic Woolworth Building
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131