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.
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