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 to issue Multi-Family Mortgage Revenue Bonds to finance the acquisition, construction, rehabilitation, equipping, and development of a new 156-unit affordable rental housing project called Heron Pond, Phase I. This project is located at 1230-1238 Village Lakes Blvd. in Lehigh Acres. 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. Local contractors, trades, suppliers, and service providers can explore opportunities by engaging early, before final plans and bids are set. This early engagement allows businesses to understand the project scope and potentially secure work as the development progresses.

aggregate principal amount

17,370,000 $

unit count

156 units