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Affordable housing coming to Boynton Beach

Posted: 5:10 PM, Jul 31, 2018
Updated: 2018-08-01 10:15:15Z
Affordable housing coming to Boynton Beach

Finding an affordable place to live in South Florida can be tough. The city of Boynton Beach is trying to change that with a new project in the heart of town.

The Community Development Agency said 123 affordable apartments would soon be built at 7th Avenue and Seacrest Boulevard for their Ocean Breeze East project.

The CRA said it received over $20 million in housing tax credits to help build the multi-family apartments with developer Centennial Management. 

Ricky, who lives in Boynton Beach, said finding somewhere to live at a decent price can be hard, but the city is helping with projects like this. 

“Affordable depends on who’s looking at it from that standpoint, but if you can work with the people and help them build the community,” said Ricky. 

The CRA said rent would be based on 33 percent or 60 percent of an applicant's area median income. Rent is predicted to be $392-$782 for a one bedroom, a two bedroom is $469 to $937 and a three- bedroom is $535 to $1,075. 

“It is a nationwide issue, and I am glad we are doing something in Boynton to address it," said vice-mayor Christina Romelus. 

She said this would also help the city economically. 

“The developer is required to hire locally, so we will creating jobs,” Romelus added. 

Centennial is still applying for permits but plans to break ground next summer and be done by 2020. Applicants can apply three months before the apartments are set to open.