Affordable housing funding at 1210 NE 5th Terrace
Summary
A resolution was scheduled to add $105,000 in federal CDBG money for site clearance for an affordable multifamily housing project with H.O.M.E.S., Inc.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Oct 6, 2026.
Impact analysis
$105,000 in federal CDBG funds.
Future residents of the affordable housing project at 1210 NE 5th Terrace.
Parks and utility capital budgets, which lose revenue that must be backfilled from other sources.
Mentions & discussions (4)
City Commission (Regular) - Oct 6, 2026
A resolution was scheduled to add $105,000 in federal CDBG money for site clearance for an affordable multifamily housing project with H.O.M.E.S., Inc.
City Commission (Regular) - Aug 18, 2026
A tax reimbursement incentive was on the agenda for Affiliated Development's The Cypress project at 400 Corporate Drive, aimed at boosting workforce housing.
City Commission (Regular) - Jul 2, 2026
The city committed a $640,000 loan to help McDowell Housing Partners win state tax credits for an affordable housing development. More affordable units could be coming to District 3.
CITY COMMISSION WORKSHOP - Joint Workshop with Affordable Housing Advisory Committee - Feb 17, 2026
New state law lets the city actually waive park and water/sewer fees for the affordable portion of projects — worth about $148K on one recent 88-unit example. Commissioners supported exploring it but want bond counsel to check whether utility bond covenants block the waiver, and noted waived fees must be made up elsewhere.
Related development
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