Developer of Affordable Housing Complex Seeks City Loan

The Fort Lauderdale-based developers of a planned 80-unit below-market-rate apartment complex on Parker Street has asked for a loan from the city to help cover increases in construction costs. The Lakeland Redevelopment Agency Advisory Board last week approved a loan of $162,000 loan, half the amount requested by Green Mills Group (website). A final decision on the loan request will come from the City Commission. Construction at Parker Street and Stella Avenue is scheduled to start in September.