​In November 2022, Palm Beach County residents passed a historic $200M Bond Referendum aimed at increasing the stock of workforce and affordable housing. Through a competitive process, 3 Bond funded projects were conceptually approved at the May 7, 2024 Board of County Commissioner’s Meeting, and additional projects were approved through other County funding sources. The Bond projects included the Lake Worth Beach Scattered Site Project in Lake Worth Beach, Calusa Pointe II in the City of Belle Glade and Residences at Marina Village located in Riviera Beach. Other projects recommended for funding included One Northlake in Pahokee and Westgate Terrace in the Westgate CRA.

Projects were leveraged with other financing and will require preservation of affordability through deed restrictions in most cases from 50 years to perpetuity. The housing projects approved at the Board meeting will result in over 440 new units.

“This was an important first step in the Bond process allowing the Board to further establish priorities that will meet the County’s housing needs and maximize Housing Bond financing.  These Housing Bond projects represent the goal of our Board to increase the inventory of units through new construction” stated Commissioner Mack Bernard who spearheaded the Housing Bond Initiative.  “The cost of living in Palm Beach County continues to rise and we need to ensure our residents have access to obtainable housing.”

The projects are scattered throughout Palm Beach County offering options including for-sale, workforce and affordable units. The projects will return to the Board for final approval later this year. Once approved, developers are required to begin construction within one year.