Nearly $100M in affordable housing projects set for Lee, Pasco counties

Affordable housing developer McDowell Housing Partners recently closed on properties in Lee and Pasco counties, where it plans to develop hundreds of apartments for those earning below the area median income.

The to-be-developed apartment communities — Ekos on Evans in Fort Myers and Ekos at Bayonet Point in Hudson — are expected to bring more than 200 affordable housing units to the market in the next year. (The word oikos in Greek, which is transliterated "ekos," means home.)

The projects mark the first affordable housing concepts in Lee and Pasco counties for Miami-based McDowell. Among its already completed affordable housing communities are Ekos Cadenza and Ekos on Santa Barbara in Naples as well as Ekos at Arbor Park in North Port.