Stiles Corp of Ft Lauderdale will be building 140 townhouses and 32 single-family residences in a residential complex at Yamato Road and Broken Sound Boulevard. The homes will be built on a 23-acre parcel just south of the Shoppes at Blue Lake on Yamato Road. The homes would abut a county-owned marshland at the northwest corner of the property. To the south is Blue Lake, and beyond that is the city-owned property being developed into de Hoernle Park, a massive recreation area that includes the city’s dog park and partially constructed western library. The Developer will pay $3-MM into the city’s Affordable Housing Land Trust fund to avoid workforce housing requirement. This buyout is based on $13,000 per unit. Discussion ensued as to whether the Developer would get a rebate if the amount was too high. A ordinance is being developed that the City Manager, Leif Ahnell, will present in December that will contain the specific amount per unit that developers can pay to waive the requirement of constructing workforce homes.
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