AFFORDABLE HOUSING: 103 UNIT DEVELOPMENT IS READY TO BEGIN CONSTRUCTION

The important factor West Housing Authority and The metropolis of Key West have introduced that the metropolis’s latest pretty priced housing enterprise Is in a place to start enchancment. In a joint effort with these two unbiased businesses and the Monroe County Land Authority, closing paperwork have been finalized late final week.

The contractor, Gulf Keystar, is on website And In a place To start enchancment on the 103-unit Backyard View Flats on School Road. Every one-bed room unit Shall be about 650 sq. ft, and the enterprise consists of parking for 125 automobiles As properly as to bike and scooter parking.

Based mostly on Housing Authority Director Randy Sterling, 92 of the models Shall be designated for low-income households; 11 Shall be reserved For very low-income households, of which six Shall be reserved for residents with particular wants. 

“The partnership between the metropolis, the housing authority and the land authority is monumental in addressing the pretty priced housing scarcity On this group,” he said. “However We now Want to acknowledge The completely different gamers, with out whom we couldn’t go forward,” collectively with the lender, Truist (formally BB&T), the Florida Housing Finance Company and Division of Financial Alternative.

“This partnership has gotten us the place we Have to be in offering pretty priced housing that our group so significantly wants,” said City Supervisor Patti McLauchlin. “As a Outcome of of exhausting work and cooperation amongst these unbiased businesses, our group Shall revenue, and Freed from cost of cost to the taxpayer.”

Construction is estimated to take about 18 months. Backyard View Flats will occupy the land that previously housed a mosquito administration facility, The earlier SPCA, and Easter Seals.