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		<title>Inducements Spur Ft. Lauderdale Apartment Development</title>
		<link>https://vrjproperties.com/inducements-spur-ft-lauderdale-apartment-development/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Sun, 28 Jan 2024 15:43:44 +0000</pubDate>
				<category><![CDATA[Multi-Tenant]]></category>
		<category><![CDATA[Multifamily]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Apartment]]></category>
		<category><![CDATA[Development]]></category>
		<category><![CDATA[Inducements]]></category>
		<category><![CDATA[Lauderdale]]></category>
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					<description><![CDATA[<p>Affiliated Development rounded up an incentive deal from the City of Fort Lauderdale and is now seeking up to $5.5 million in incentives from Broward County to include workforce housing in its Fort Lauderdale apartment project. Affiliated is looking to...</p>
<p>The post <a href="https://vrjproperties.com/inducements-spur-ft-lauderdale-apartment-development/">Inducements Spur Ft. Lauderdale Apartment Development</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="43639cd0-0288-4fdd-b272-27314f7c6871"><strong>Affiliated Development</strong> rounded up an incentive deal from the City of Fort Lauderdale and is now seeking up to $5.5 million in incentives from Broward County to include workforce housing in its Fort Lauderdale apartment project. Affiliated is looking to build a 400-unit project, with retail and 549 parking spaces on 2.7 acres. The company plans to spend up to $130 million for the Era Apartments.</p>
<p data-beyondwords-marker="2f2bb258-cc6a-45c3-8ffa-876381268ec3">The city deal grants the developer a 100% rebate of its city property taxes from the development of this apartment complex for 15 years, with no cap on the amount of money. </p>
<p data-beyondwords-marker="19f2bc79-2892-483a-8a56-65d56fe28547">The deal states that 5% of the apartments would be for people making up to 80% of area median income (AMI), 10% would be for people making up to 100% of AMI and 37.5% would be for people making up to 120% of AMI.</p>
<p data-beyondwords-marker="738dfdda-b6cc-4be6-be93-b5eefb1c2f2f">Plans are to break ground this summer.</p>
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<br /><a href="https://www.connectcre.com/stories/inducements-spur-ft-lauderdale-apartment-developer/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/inducements-spur-ft-lauderdale-apartment-development/">Inducements Spur Ft. Lauderdale Apartment Development</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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