A workforce housing project in Delray Beach just received a financial boost thanks to the Palm Beach County Commission.
The County Commission recently approved an Impact Fee Affordable Housing Assistance Program (IFAHAP) funding award in the amount of $281,660 to the Delray Beach Housing Authority (DBHA) for the Island Cove project.
The project is located between SW 8 St. and SW 10 St., and between SW 12 Ave. and SW 13 Ave. It will feature 54 for-sale workforce townhomes.
Since 2009, the County has authorized the use of impact fee investment earnings from roads, parks, and public buildings to be used for affordable housing projects. On May 14, 2018, the Department of Housing and Economic Sustainability issued a Notice of Funding Availability (NOFA) making $1,305,932 in IFAHAP funding available from Palm Beach County’s Fiscal Year 2017 funding cycle.
DBHA submitted a request for assistance in response to the NOFA on Jan.18. County staff recommended that up to $281,660 be provided as a credit for impact fees associated with the Island Cove project.