33. Authorize Issuance of HFA Multi-Family Revenue Bonds for the Heron Pond Phase II

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 100-unit affordable multi-family rental housing project. This project is known as Heron Pond, Phase II, and is located at 8411-8431 Heron Pond Drive in Lehigh Acres. The proposed bond amount is up to $11,130,000. This item is currently under review by the Lee Board of County Commissioners. The project will involve site preparation, construction of the housing units, and associated infrastructure. This early stage presents an opportunity for contractors, suppliers, and service providers to engage with the project stakeholders before final plans and bids are established. Reaching out now could provide a competitive advantage for future work.

dwelling units

100

bond amount

11,130,000 $