42. Authorize Issuance of HFA Multi-Family Revenue Bonds for The Residences II

Lee Board of County Commissioners · 2026-05-05 · agenda_item

The Housing Authority of Lee County is seeking authorization to issue Multi-Family Mortgage Revenue Bonds totaling up to $25,500,000. This funding will support the acquisition, construction, rehabilitation, equipping, and development of a new 140-unit affordable rental housing project called The Residences II. The project is planned for the area of Watt Road & Dividend Drive in Fort Myers. This item is currently under review by the Lee Board of County Commissioners. The project will involve site preparation, utility work, building construction, and final landscaping. Contractors, suppliers, and service providers in construction, trades, and material supply could find opportunities. Engaging early before bids and permits are finalized offers a competitive advantage.

aggregate principal amount

25,500,000 $

unit

140 unit