22. Approve CDBG-DR Affordable Housing Intent to Award — Ava Square
Lee Board of County Commissioners · 2026-05-19 · agenda_item
The Lee Board of County Commissioners has conditionally awarded Community Development Block Grant Disaster Recovery funds to support the development of a new affordable housing project called Ava Square. This project proposes to build 121 new rental units for individuals aged 55 and older. The development is planned for 301 Hancock Bridge Parkway in Cape Coral. This item is currently under review, with a non-binding intent to award funds. The project is expected to involve significant construction, including site preparation, utility work, building framing, and interior and exterior finishes. Local contractors, trades, suppliers, and service providers are encouraged to reach out early to learn more about potential opportunities as plans develop, before bids and permits are finalized.
- CDBG-DR funds
- 19,500,000 $
- new rental units
- 121
- estimated development cost
- 47,202,530 $
- estimated development cost per unit
- 390,104 $
- CDBG-DR subsidy per unit
- 161,157 $
Industries that could win this work
- General Contractor
- Site Prep, Grading & Hardscape
- Concrete & Masonry
- Carpentry & Cabinetry
- Drywall & Insulation
- Electrical
- HVAC & Climate Control
- Painting & Flooring
- Plumbing
- Roofing
- Building & Industrial Supply
- Real Estate Development
- Engineering & Architecture
- Landscaping & Lawn Service
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