32. Authorize Issuance of HFA Multi-Family Revenue Bonds for the Heron Pond Phase I

Lee Board of County Commissioners · 2026-06-02 · agenda_item

The Housing Finance Authority of Lee County is planning a 156-unit affordable multi-family rental housing project called Heron Pond, Phase I. This project is located at 1230-1238 Village Lakes Blvd. in Lehigh Acres. The project will be financed through the issuance of Multi-Family Mortgage Revenue Bonds, with an aggregate principal amount not to exceed $17,370,000. This item is currently under review by the Lee Board of County Commissioners. The project will involve acquisition, construction, rehabilitation, and equipping of the housing complex. This could lead to work in site preparation, utility installation, building construction, and finishing trades. Local contractors, suppliers, and service providers are encouraged to reach out early to understand the project's scope and potential involvement before final bids and permits are established.

aggregate principal amount

17,370,000 $

unit count

156 units