A developer says he has many new government-supported communities in the works to offer affordable housing in Broward and Palm Beach counties, including a newly announced 400-apartment building in Fort Lauderdale.One of Affiliated Development’s most recent projects to break ground is The Era, which will be 400 rental apartments in an eight-story building at 2125 S. Andrews Ave.
in Fort Lauderdale.The Era will dedicate a minimum of 210 of the building’s 400 units for workforce housing residents earning between 80% and 120% of the area median income. (Rinka+ / Courtesy)More than half of the apartments will be set aside for families earning less than the area median income.
“It’s very difficult to find housing,” said Nick Rojo, co-founder of Affiliated Development, the developer. “There’s a deficit of hundreds of thousands of units in the tri-county area.”These units at The Era will be for families earning between 80% and 120% of the area’s median income, with rents calculated based on income and family size.
(The most recent federal data sets Broward’s area median income at $89,100.)While the market rate for a one-bedroom unit is estimated to be $2,700 a month, the workforce units could start at $1,500 a month. The largest units, the three bedrooms, could be as much as $3,800 a month and workforce could be in the range of $2,100 a month, Rojo said.
Rojo said his company also is working on other housing initiatives to accommodate the South Florida workforce:�.
