[et_pb_dmm_dropdown menu_id=”2″ parent_menu_padding_top=”10px” parent_menu_padding_right=”10px” parent_menu_padding_bottom=”10px” parent_menu_padding_left=”10px” parent_menu_border_color=”#000000″ module_class=”xs-tablet” _builder_version=”4.22.1″ _module_preset=”default” menu_text_text_color=”#FFFFFF” menu_text_font_size=”14px” background_color=”#353535″ text_orientation=”center” width=”100%” max_width=”100%” module_alignment=”right” custom_margin=”0px|0px|0px|0px|false|false” custom_padding=”0px|20px|0px|20px|false|true” custom_css_main_element=”display:inline-flex;||width:100%;” border_width_all=”0px” border_color_all=”#353535″ global_colors_info=”{}” menu_text_text_color__hover_enabled=”on|hover” menu_text_text_color__hover=”#c95b0c”][/et_pb_dmm_dropdown]
Inducements Spur Ft. Lauderdale Apartment Development – Connect CRE

by | Jan 28, 2024 | 0 comments

Affiliated Development rounded up an incentive deal from the City of Fort Lauderdale and is now seeking up to $5.5 million in incentives from Broward County to include workforce housing in its Fort Lauderdale apartment project. Affiliated is looking to build a 400-unit project, with retail and 549 parking spaces on 2.7 acres. The company plans to spend up to $130 million for the Era Apartments.

The city deal grants the developer a 100% rebate of its city property taxes from the development of this apartment complex for 15 years, with no cap on the amount of money.

The deal states that 5% of the apartments would be for people making up to 80% of area median income (AMI), 10% would be for people making up to 100% of AMI and 37.5% would be for people making up to 120% of AMI.

Plans are to break ground this summer.

Source link


Submit a Comment

Your email address will not be published. Required fields are marked *