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 named 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, construction of the residential buildings, installation of utilities, and related infrastructure. Contractors specializing in site work, general construction, plumbing, electrical, HVAC, roofing, and finishing trades may find opportunities. Suppliers of building materials and equipment will also be needed. Engaging with the project early, before final plans and bidding, offers a chance to compete for work as the project moves through its development stages.

aggregate principal amount

25,500,000 $

unit count

140 units