Thursday, August 14, 2008

BOYNTON BEACH REDEVELOPMENT PROJECTS SLOWED

With redevelopment in the city’s heart moving slowly, Community Redevelopment Agency commissioners recommended zoning changes be explored by city staff to allow construction of the first phase of 160 affordable rental apartments for seniors. They have been negotiating with developers over the 26 acres along Martin Luther King Boulevard, and one agreement is being worked on now for construction of about 700 townhouses, apartments and condos between Seacrest Blvd and Federal Highway. Funding is not forthcoming from the states Community Workforce Housing Initiatives Program for the Ocean Breeze affordable housing program on Seacrest. This was for 84 for-sale town-homes and 56 income-restricted rental apartments on 8 acres of CRA-owned land. These builders are now planning 32 single-family homes in place of the town homes, and have asked the CRA to charge them a nominal free for the land, valued at $1.6MM. This developer is also counting on state, county, city and other CRA subsidies, but none of these funds have been promised.

No comments: