Currents
April 2016
> continued from page 4
in scientific knowledge related to global climate
change and potential impacts.
Human Relations
The city of Pompano Beach moves forward with a
progressive agenda, by providing funding for more
affordable housing with the second phase of Captiva
Cove.
The City Of Pompano Beach Commission
approved a resolution authorizing approval of an
additional home funding agreement between the
City and Captiva Cove II Associates, LTD., which is developing its
final 88 units of affordable rental
housing at Captiva Cove, 1201
W. Dixie Highway.
The city previously contributed
$950,000 in home funds to Phase
I, which is complete. Resolution
2015-66 was adopted on November 10, 2014, approving and
authorizing a home funding
agreement for Captiva Cove
Phase
II
that
contributed
$186,559 towards its construction. Phase II is comprised of the
final 88 units necessary to build
out the development.
This additional home funding
agreement provides an additional
$100,327 of home funding in
order to assure that the project is
completed as planned. These
additional funds are available
because the money was repaid to
the city's home program from the
sale of an earlier, unrelated home
program project.
Assisted units under this agreement shall remain affordable in
compliance with In 24 cfr 92.252
and 24 cfr 92.254 and the same
thirty three (33) year period.
That all rental unit, while the
income eligible households:
means one or more natural persons or a family, (including stucontinued on page 6 >
5