New Markets Tax Credit Coalition

  • Pompano Beach,
  • FL
  • (2021)

Habitat for Humanity of Broward

District: Sheila Cherfilus-McCormick (D-FL20)

Broward Habitat used NMTC financing to support the construction of two projects in located within designated Community Redevelopment Agency districts by City of Pompano Beach and Broward County.

Investment

  • NMTC Amount: $2,923,228
  • Total Project Cost: $3,174,209

IMPACT

  • 35 construction jobs
  • Development of 29 affordable homes.

CDEs

Investor

Voices from the Community

We were able to place low-income families in homes in one of the most cost-burdened housing markets in the nation, thanks to NMTC. Please preserve!

-Nancy Robin, CEO, Habitat for Humanity of Broward, Fort Lauderdale, Florida

Project Description

BROWARD HABITAT used a $2.86M QLICI to support the construction of two projects (17 units) in located within designated Community Redevelopment Agency (CRA) districts by City of Pompano Beach and Broward County.

The first is 5 new homes in the 50-unit Rick Case Habitat Community located in the heavily blighted Blanche Ely district. The second project is 12 infill homes in the Collier neighborhood. These development areas are part of the county and city’s comprehensive realization plans.

The City and Broward County rely heavily on Broward Habitat through its partnership to support the development of new housing units. These projects are also located in a TIF district, which funds the Pompano Beach CRA through its collection of property taxes.

MAP

Address: 454 Northwest 27th Avenue, Pompano Beach, FL 33069

Census Tract: 12011030601

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