25-553
MOTION TO APPROVE gap financing for eight affordable housing projects and associated amounts as follows: 1) Sistrunk View, LLC, or its affiliate (Sistrunk View) at $7,500,000 (100 affordable units); 2) Pinnacle at Cypress, LLLP, or its affiliate (Pinnacle at Cypress) at $4,500,000 (100 affordable units); 3) Housing Trust Group, LLC, or its affiliate (Tamarac Terrace) at $4,410,000 (100 affordable units); 4) Vista at Springtree, Ltd., or its affiliate (Vista at Springtree) at $5,759,000 (96 affordable units); 5) Parcview Miramar, LLC, or its affiliate (ParcView at Miramar) at $2,000,000 (62 affordable units); 6) New Urban Sunset Strip, LLC, or its affiliate (Sunset Strip Square) at $1,305,000 (29 affordable units); 7) Habitat for Humanity of Broward, Inc., or its affiliate (BBI Village II) at $910,000 (26 affordable units); and 8) Wright Dynasty, LLC, or its affiliate (Wright Dynasty) at $300,000 (3 affordable units); authorizing the County Administrator to execute all agreements and related documents related to the listed gap financing projects, subject to the foregoing monetary limits and approval as to legal sufficiency by the Office of the County Attorney; and authorizing the County Administrator to take the necessary administrative and budgetary actions. Commission Districts (3, 4, 7, 8 and 9)
What this record is
- Held by
- Sistrunk View, LLC
- Amount
- $7.50M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Public Works and Environmental Services - Housing Finance Authority
- Requested by
- Resilient Environment - Housing Finance Division
- Introduced
- April 15, 2025
- On agenda
- May 20, 2025
- Passed
- May 20, 2025
Where it was heard
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