Lee Commissioners approve loan agreements to rehabilitate 484 affordable rental units

03/23/2026

The Lee Board of County Commissioners voted to approve loan agreements to rehabilitate 484 affordable rental units at multi-family affordable housing developments.

The projects are using part of the U.S. Department of Housing and Urban Development’s Community Development Block Grant-Disaster Recovery allocation to Lee County.

Hurricane Ian made landfall in Lee County on Sept. 28, 2022. In early 2023, the U.S. Department of Housing and Urban Development (HUD) announced the $1.1 billion allocation of Community Development Block Grant-Disaster Recovery (CDBG-DR) funds to support Lee County’s long-term recovery efforts.

Commissioners have made affordable housing a priority for the funding and voted to:

  • Authorize execution of loan documents for Renaissance Preserve Senior and Family Apartments, 4224 Renaissance Preserve Way, Fort. Myers, to provide about $8.4 million CDBG-DR funding for the rehabilitation of 272 affordable rental housing units. Continued affordability will be maintained for 20 years.
  • Authorize execution of loan documents for East Pointe Place (Phase 1), 3501-3515 Dale Street, Fort Myers, to provide about $7.1 million in CDBG-DR funding for the rehabilitation of 86 affordable rental housing units. Continued affordability will be maintained for 20 years.
  • Authorize execution of loan documents for the Landings at East Point Affordable Housing Project to receive CDBG-DR funding in the amount of about $6.1 million for the rehabilitation of 126 affordable rental housing units. The housing development is located at 3701 Nelson Tillis Blvd., Fort Myers. Continued affordability will be maintained for 20 years.

Detailed information about Lee County’s CDBG-DR Action Plan, program allocations, activities and expenditures are provided on the county’s website at https://cdbgdr.leegov.com.