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The Palm Beach County Commission gave its preliminary approval Tuesday to a $200 million bond to build more affordable housing in the county, the Sun Sentinel reported.
If it gets final approval, the fund could potentially build about 20,000 units over the next decade. Details are still being formulated about the number of units, where they would be built, when they would be made available and at what price.
Currently, builders have several luxury housing projects in the pipeline. More than 520 homes, for example, near Glades Road and Florida’s Turnpike, are being priced between $1.3 million and $2.5 million.
– Anne Geggis, Florida Politics