CRA BOARD APPROVES $350,000 TO RENOVATE VACANT BUILDING ON SISTRUNK CORRIDOR
Fort Lauderdale Community Redevelopment Agency (CRA) dollars are at work to renovate a vacant building into a reception hall with affordable rental housing. On November 5, 2019, the CRA Board of Commissioners approved a $350,000 incentive / forgivable loan to V & R Family Enterprises, Corp. V & R Family Enterprises, Corp will receive a $225,000 forgivable loan from the CRA Property and Business Improvement Program (PBIP) and a $125,000 forgivable loan from the CRA Façade Program for renovations of the building and site located at 1227 Sistrunk Boulevard. This property is owned by the Bolden family. The Bolden’s own and manage rental property throughout the CRA area. They have resided in the northwest portion of the CRA in the Dorsey Riverbend neighborhood for over 50 years. In 2017 they were awarded from the City a Community Development Block Grant Program forgivable...