Riviera Beach has added more of what cities throughout Palm Beach County have been desperate to get — affordable housing.
The city recently celebrated the grand opening of Berkeley Landing, a 112-unit project at 3100 Broadway that was built for people who earn 30% to 80% of the area median income, which, according to Housing and Urban Development estimates, is $104,000. Based on that figure, 30% of area median income would be $31,200 while 80% would be $83,200.
Bank of America provided $48 million in debt and equity funding for project, which took 28 months to build .
Berkeley Landing has 110 affordable units and two market-rate units. The apartments range from one to three bedrooms and include energy-saving appliances. Complex amenities include a clubhouse, a pool and cabana, a fitness center, cyber lounge, a covered pavilion, a playground and a dog walking area.
“The Berkeley Landing development is an important addition to the Riviera Beach community as the shortage of quality affordable housing remains a pressing issue,” said Coraly Rodriguez, a partner at Pinnacle, which developed the project along with Wendover Housing. “Our goal with this development is to address the growing demand for affordable housing while also contributing to the city’s successful efforts to revitalize the Broadway corridor.”