The Real Deal Miami

Broward to vote on bonds for housing construction

October 27, 2008 05:32PM

Broward County commissioners will vote tomorrow on $98 million in tax-exempt bonds for the construction of 1,000 units of low- and moderate-income housing in Hollywood, Fort Lauderdale, North Lauderdale and Pompano Beach. The bonds would also need state approval to pass. Several developers are interested in the project and believe they will be able to get financing, said Ralph Stone, director of Broward County’s Housing Finance Authority.