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P.H. 2023-58: (PUBLIC HEARING)
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, ALLOCATING A MAXIMUM OF THIRTY-EIGHT FLEX UNITS FOR A PROPOSED MIXED INCOME HOUSING DEVELOPMENT GENERALLY AT 2050 DR. MARTIN LUTHER KING, JR. BOULEVARD; PROVIDING AN EFFECTIVE DATE
(Fiscal Impact: N/A)
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(Staff Contact: Jean Dolan/David Recor)
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Summary Explanation/Background:
The Applicant (KEITH), on behalf of the Premium Development, Inc., is requesting approval of flex units for a 261 unit mixed-income housing project on a 3.79-acre parcel at the southeast corner of Powerline and Dr. Martin Luther King, Jr. Boulevard. The site currently contains a convenience store (to be demolished) and two billboards (to be eliminated). The project’s conceptual plan consists of four, 7-story buildings, and a parking garage with 7 floors of parking (including the roof). The Land Use designation on the property is Commercial. The zoning of the parcel is General Commercial B-3 which allows for 69 units per acre in those areas required to provide market rate units. This project is within the link of Powerline between Atlantic Boulevard and NW 15th Street that is limited to 20% deed restricted affordable housing in order to inject market rate units into the corridor. The proposed project is a good candidate for the use of Policy 2.16.3 which allows 6 bonus units for every 1 moderate income housing unit deed restricted for 30-years. This bonus allows the total flex units requested for the project to be reduced from 261 to 38 (a savings of 223 flex units) with the remainder being made up by the 6 bonus units for every moderate income housing unit deed restricted for 30-years. On February 22, 2023, the Planning and Zoning Board recommended approval of the 38 flex units with conditions that have been met. Staff recommends approval.
Origin of request for this action: Keith
Fiscal impact and source of funding: N/A
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