FORT LAUDERDALE, FL—Better BuildingCommunities, a non-profit affiliate of Broward CountyHousing Authority (BCHA), has acquired Ocean Drive Estates inPompano Beach. The sales price for the property, which is earmarkedfor affordable housing, is $970,000.
The three, one-story multifamily buildings arelocated at 101, 105 and 111 SE 9th Avenue. Each multifamilybuilding offers 12 two-bedroom, one-bathroom units averaging 750square feet. Better Building Communities is planning to investmoney to rehab the property inside and out.
Ann Deibert, CEO of BCHA, tells GlobeSt.com thelocation made the site very attractive. The site is located in astabilized neighborhood on major Broward County thoroughfaresoffering important transportation to the population the non-profitis serving.
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