MOTION TO ADOPT Resolution, the title of which is as follows: (Commission District 4)

County Commission · 2026-05-26 · agenda_item

The Housing Finance Authority of Broward County is planning to issue two multifamily mortgage revenue notes, Series 2026A and 2026B, totaling up to $20,000,000. These notes will finance the acquisition, construction, and equipping of a multifamily project named Pinnacle at Cypress. The project is currently under review by the County Commission. This initiative will involve several phases, including the acquisition of land, construction of the multifamily project, and its equipping. Work will likely include site preparation, vertical construction, and the installation of all necessary building systems and finishes. Local contractors, suppliers, and service providers in areas such as general contracting, construction trades, material supply, and potentially real estate services could find opportunities. Engaging early, before final plans and permits are set, offers the best chance to compete for this upcoming work.

Series 2026A principal amount

5,200,000 $

Series 2026B principal amount

14,800,000 $

Total principal amount

20,000,000 $