Palm Beach County secures $2.8M to launch housing in Lake Worth Beach

Palm Beach County has finalized a $2.8 million financing deal to jump-start construction of a new for-sale housing development aimed at helping working families enter the housing market.

The funding, announced by the county’s Department of Housing and Economic Development, will support the Lake Worth Beach CRA Villas — a project that will add eight affordable, county-assisted homes across four sites in Lake Worth Beach. The closing was completed on October 29, 2025.

The county is leveraging two funding sources for the development: a $1.48 million loan through the Housing Bond Loan Program and $1.32 million in federal Community Housing Development Organization funds. County officials say the combined package underscores ongoing efforts to expand attainable homeownership options amid rising housing costs across South Florida.

The project will feature four single-family villa buildings, each containing two units, on scattered lots at 1306 1st Street South, 610 North E Street, 417 South D Street, and 625 North D Street. Once finished, the homes will be available to buyers earning up to 80 percent of the area median income.

Officials describe the initiative as a meaningful boost to the county’s for-sale affordable housing stock, as demand continues to outpace supply. The development is expected to help more local families secure stable housing and build long-term equity.

Residents seeking more information about the Housing Bond Loan Program can contact Housing Development Lending Manager Shenelle Archibald at (561) 233-3644 or sarchibald@pbc.gov.