Miromar Lakes
REAL ESTATE
Lee Commissioners award more than $41.6M for rehabilitation of affordable housing units
The Lee Board of County Commissioners voted to award more than $41.6 million in Community Development Block Grants-Disaster Recovery funds for six multi-family housing rehabilitation projects for 836 affordable housing units. Through a competitive application process, CDBG-DR funding was made available to public housing authorities, for-profit developers and not-for-profit developers. These funds are part of the $1.1 billion in CDBG-DR […] The post Lee Commissioners award more than $41.6M for rehabilitation of affordable housing units first appeared on Bonita Springs Florida Weekly.
Fort Myers CRA approves commercial property improvement grants for downtown
Fort Myers Community Redevelopment Agency approved two Commercial Property Improvement Matching Grants for the Downtown Redevelopment Area. The first grant was approved for Valoro Arms Owner LLC, 2310 First St., in the not-to-exceed amount of $50,000. The funds will be used to patch exterior damage from Hurricane Ian and repaint the façade. The second was approved for the not-to-exceed amount of $29,085 for The Oasis Restaurant, 2260 Dr. Martin Luther King Jr. Blvd. Oasis will use this grant to install new fencing, parking lot improvements, new signage and replacement of damaged awnings.
Beach Baptist votes to sell part of land for development, rebuild church
The Beach Baptist Church congregation voted to sell the front portion of their Fort Myers Beach lot for $4 million to allow for a residential development that will help pay for the rebuild of their church. Beach Baptist Church Pastor Shawn Critser said the congregation voted to sell two acres...
Hurricane Ian walloped Cape Coral, Fla. Two years later housing costs have spiked
The Atlantic hurricane season starts tomorrow. It's forecast to be an especially active year. And in Southwest Florida, slammed by Hurricane Ian in 2022, housing costs and insurance have spiked, prompting many to put their homes up for sale. NPR Greg Allen reports that catastrophic storm has raised questions about the long-term affordability of coastal communities like Florida's Cape Coral.
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