Affordable housing programs are getting a boost in Hollywood as Broward commissioners have agreed to pour millions of dollars into those programs.
The money is coming from excess county tax payments to the city’s beach redevelopment agency that the agency doesn’t need.
For decades, Hollywood’s beach and downtown areas have been receiving an infusion of city, county and special district tax dollars to remove blight.
“If the county allows the dollars to go into other parts of the city, it’s going to raise property values in other parts of Hollywood,” City Commissioner Kevin Biederman said. “Those dollars are going to help other parts of Hollywood that need a little bit of help. And right now the county is pushing its affordable housing initiative.”
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