Lee Board of County Commissioners Regular Meeting Agenda 2026-06-16
County Approves $19.5M CDBG-DR Loan for Ava Square
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Description
Lee County will provide Ava Square Lee, Ltd. up to $19.5 million in CDBG-DR financing to develop 121 affordable rental units at Ava Square in Cape Coral. Loan documents are moving forward to support a targeted July 15, 2026 closing.
Contract Details
Contract Amount
Up to $19,500,000
Vendor
AVA SQUARE LEE LTD
Agency
Lee County, FL
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Renewal Info
Long-term affordable housing loan; affordability period and amortization not fully detailed in agenda.
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Lee Board of County Commissioners Regular Meeting Agenda 2026-06-16
Lee Board of County Commissioners Regular Meeting Agenda 2026-06-16
Lee Board of County Commissioners Regular Meeting Agenda 2026-06-16
Lee Board of County Commissioners Regular Meeting Agenda 2026-06-16
Lee Board of County Commissioners Regular Meeting Agenda 2026-06-16
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