BROWARD COUNTY, FL- Commissioners are taking significant steps to address the affordable housing crisis head-on. Recognizing the urgent need for affordable housing options, the County Commissioners have approved $12.9 million in gap financing to fund the development of 340 new affordable homes.

The new developments are located in Fort Lauderdale, Hollywood and Lauderhill.

• Sistrunk Apartments: $3.9 million has been allocated to build seventy-two affordable homes in Fort Lauderdale. This development aims to provide much-needed housing options for low- and moderate-income individuals and families in the area.
• Residences at Sunset Plaza: Lauderhill will receive $7 million in gap financing to construct 144 affordable homes. This project will contribute significantly to expanding affordable housing opportunities in the community.
• Federation Plaza: $2 million in gap financing to develop 124 affordable homes in Hollywood. This funding will support the creation of housing units that cater to the needs of residents with limited means.

"We are on a roll here. It is amazing the progress that we are making with the limited land we have available to us," said Vice Mayor Nan Rich, who has a long-time notable record for championing affordable housing throughout her career in the Florida Senate and as a County Commissioner.

Commissioners also approved a "local match" of $100,000 for University Station. A local match is required in order to become eligible for matching Florida State housing funds. University Station will provide two hundred affordable housing units in Hollywood.

"This is the first development to offer public parking where the Hollywood commuter train station will be. This is a big moment to get this done," said Commissioner Beam Furr.

In addition to the approved developments, Broward County remains committed to its long-term goal of enhancing affordable housing options. Over $100 million has been allocated to twenty-seven projects since 2018, resulting in the creation of over 2,500 affordable homes. Each of these projects is subject to a minimum of 30 years and up to 50 years of maintaining affordable housing.

This year the County approved a study by the Florida International University Metropolitan Center to develop a comprehensive Ten-Year Affordable Housing Master Plan. This plan, expected to be presented to the Commission in October, will provide a roadmap for tackling the affordable housing crisis effectively.

For more information about Broward County's affordable housing programs here.