DATE: January 27, 2015
MEDIA CONTACT: Ralph Stone
Director, Housing Finance and Community Development Division
Environmental Protection and Growth Management Department
PHONE: 954-357-5320
EMAIL: rstone@broward.org
BROWARD COUNTY, FL - On Tuesday, January 27th, the Broward County Board of County Commissioners authorized the conveyance of 17 County-owned vacant lots located in the Franklin Park neighborhood of the Broward Municipal Services District (BMSD), to the Housing Finance Authority (HFA) of Broward County for the purpose of constructing 17 new single-family homes. The HFA will also construct an additional home on another HFA-owned parcel in the Franklin Park neighborhood.
The County acquired the lots along the south side of West Sunrise Boulevard east of NW 27th Avenue over several years with the goal to build attractive, quality homes that would enhance the single-family residential character of the neighborhood. Now that the real estate market has begun to rebound, the HFA agreed to finance the housing project along with funds received from the Florida Department of Economic Opportunity to build 18 energy-efficient three-bedroom, two-bath homes with a two-car garage. The Housing Finance and Community Development Division's Purchase Assistance Program will be available to assist income-eligible homebuyers.
This project is consistent with and furthers the Central County Community Redevelopment Plan, approved by the Board on October 23, 2012, and the Central County Targeted Planning and Economic Development Strategy for NW 27th Avenue.
About Broward Municipal Services District
The Broward Municipal Services District (BMSD) formerly known as Unincorporated Broward County consists of 13.18 square miles area with a population of 15,506. The Broward County Board of County Commissioners is the governing body of the BMSD and the provider of its municipal services.
|