Sistrunk View's $21.5 million financing proposal reaches Broward agenda
An October 20 financing motion concerns a proposed affordable housing development on Sistrunk Boulevard. County records describe 100 apartments, while the city's CRA still lists the project as permitting.
Key Takeaways
- •Broward's October 20 agenda proposes a revenue note of up to $21.5 million for Sistrunk View.
- •The county financing record describes 100 apartments at 790 Sistrunk Boulevard; the CRA lists permitting status.
- •The October 20 agenda describes a proposed financing authorization; the vote outcome and actual issuance require separate confirmation.
A revenue note of up to $21.5 million for Sistrunk View appears on Broward County's October 20 commission agenda, putting financing for the proposed affordable housing development at 790 Sistrunk Boulevard in Fort Lauderdale before county commissioners.
The motion on the county's agenda calls for the Housing Finance Authority of Broward County to issue its Series 2026 multifamily housing revenue note for acquisition, construction and equipping of the project. At 12:47 p.m. Eastern on October 20, the county's online item history showed no recorded final action. The meeting had begun; that missing entry does not establish whether commissioners had voted.
The county's financing application describes a 100-unit new construction development. The Fort Lauderdale Community Redevelopment Agency's project page gives a broader range of 75 to 106 apartments and lists the project as permitting. That difference makes the county financing record the source for the 100-unit description, while the final permitted scope remains a point to confirm.
Financing roles and earlier steps
Sistrunk View LLC submitted its multifamily bond application to the authority on June 16, 2025, requesting $21.5 million in bonds or notes. The authority declared its intent to issue financing in September 2025, according to the county's background report.
A public hearing notice followed on January 26, 2026, and the hearing took place February 5. On September 16, the authority adopted a resolution formally authorizing a note of up to $21.5 million and approving related documents. The proposed county action is a further step in that process.
The proposed transaction documents identify Truist Bank as the initial funding lender, the Bank of New York Mellon Trust Company as fiscal agent and Sistrunk View LLC as borrower. Raymond James & Associates is named as placement agent. The proposed resolution also covers land use restriction agreements and criteria for the note's interest rates, payment dates and maturity schedule.
The county's Public Works and Environmental Services Department and Housing Finance Authority recommend approval. The agenda's fiscal summary lists no fiscal impact; the $21.5 million figure is the proposed maximum note amount, not a stated county budget appropriation.
Housing and commercial space
The CRA describes Sistrunk View as a proposed six-story, mixed-use development with all apartments designated affordable for households earning 30% to 80% of area median income. Its project page lists a $5 million CRA contribution.
The same page outlines 5,700 square feet of commercial space, more than 10,000 square feet of amenities and structured parking. It describes a planned apartment mix of 75% one-bedroom units and 25% two-bedroom units. These are project descriptions rather than evidence that the building is complete or available for occupancy.
For residents and nearby businesses, the proposal combines income-restricted housing with commercial space along Sistrunk Boulevard. Whether those spaces become available depends on the project moving through financing and development, so an agenda authorization alone provides no opening date.
The key record to confirm is the commission's October 20 action on item 26-1306. Adoption, amendment or deferral would change the financing story. A financing closing, construction start and eventual leasing each require separate confirmation. The agenda establishes the proposed transaction, while the CRA describes permitting; neither source alone establishes a completed loan or an opening date.
