17 Mar New Hope Affordable Housing Development Coming to Sistrunk Boulevard
The New Hope Affordable Housing development is a planned investment in the Northwest-Progresso-Flagler Heights (NPF) Community Redevelopment Area, bringing high-quality, affordable living options to the Sistrunk Boulevard corridor. Located at 1316 Sistrunk Boulevard, the project is anticipated to feature a six-story residential building with 30 affordable rental apartments and ground-floor parking. Each unit is designed as a two-bedroom, two-bathroom residence of approximately 900 square feet, with a full kitchen, living and dining areas, and a private outdoor balcony.
The apartments are planned to include modern finishes and energy-efficient features such as Energy Star appliances, high-efficiency air conditioning and heating systems, LED lighting, ceiling fans, and contemporary kitchen and bathroom fixtures—providing both comfort and long-term cost savings for residents.The development is proposed for a 12,115-square-foot (0.278-acre) site currently utilized as overflow parking for New Hope Church. The project is being led by New Hope Development Corporation, a partnership between NHB Sistrunk Community Development Corporation—a nonprofit affiliated with New Hope Church—and Land America Development Corporation, which will oversee development and construction.
The Fort Lauderdale City Commission, acting as the Community Redevelopment Agency (CRA) Board of Commissioners, approved a $2,000,000 Development Incentive Program (DIP) forgivable loan to support the development of the project.The total development cost is estimated at approximately $11.9 million.Construction is expected to begin in the near future, with the project anticipated to generate approximately 45–50 construction jobs and three permanent jobs upon completion. Once delivered, the development will provide much-needed affordable housing opportunities while supporting continued revitalization efforts within the NPF CRA.