After five years , an affordable and workforce housing complex is close to opening in Cape Coral.
Civitas is an apartment complex on Pine Island Road near Nicholas Parkway with one, two and three-bedroom units.
“All the 96 units have an income restriction and rent restriction, so it’s capped,” said Michael Allan, president of ReVital Development Group.
Watch Fox 4 Senior Reporter’s Kaitlin Knapp report below:
New affordable, workforce housing complex opening soon in Cape Coral
Allan says they define affordable housing as 60% of the Area Median Income, or AMI.
Workforce is between 80-120%
“So we actually have some units set aside for as low as 30% of the Area Median Income,” he said.
There are fewer one-bedroom units, but he says those will be around $500 a month for 30% AMI. For a three-bedroom, it would be around $1,800 based on 80% AMI.
“We will pay for the water and sewer of each property and we also provide an allowance for electricity as well,” Allan explained.
The developer says what makes this property unique — the opportunities using the learning center at the clubhouse.