Lee County awards nearly $42M for rehab of 836 affordable housing units

The Lee County Commission awarded $41.6 million in block grants Tuesday to four local organizations that are working toward rehabilitating more than 800 affordable housing units mostly in Fort Myers.

The money is coming from the $1.1 billion in Community Development Block Grants-Disaster Recovery funding that was awarded to the county by the U.S. Department of Housing and Urban Development in the wake of 2022’s Hurricane Ian.

Lee has set aside $50 million of that for multifamily housing rehabilitation, according to a presentation prepared by county staff.