LAKE WORTH BEACH, FL (Boca Post) (Copyright © 2025) — Palm Beach County signed off on a $2.8 million financing package to push forward a set of new for-sale homes in Lake Worth Beach, a deal county staff wrapped up on Oct. 29 after a long stretch of planning. The project — Lake Worth Beach CRA Villas — is spread across four small sites tucked into different corners of the city, from 1st Street South up to North “E” and “D” streets, the kind of blocks you drive past without thinking twice.
Eight units total, split as four single-family villas with two homes each. Small but needed.
The money comes in two slices. The county is lending $1,480,000 through its Housing Bond Loan Program but pairing it with $1,320,000 in federal CHDO funds, which tend to land on projects aimed at long-term affordability. Staff said the mix lets them back “high-quality, attainable homes” for buyers who usually get squeezed out of the market — the statement’s posted on the county site if you want the finer print.
These homes will go to families earning up to 80% of the Area Median Income. That’s the ceiling. Anyone above that line won’t qualify, since the whole point here is nudging more working families into ownership in a county where home prices keep drifting out of reach.
Construction timelines weren’t included, just the confirmation that the financing closed and the sites are set. If you know the area, the parcels sit a few blocks off Lake Worth Road, not far from Dixie, the kind of neighborhood where new single-family units don’t pop up often anymore.
The county’s Housing and Economic Development team is running the effort. Residents who want details about the loan program or what comes next are being pointed to Shenelle Archibald, the Housing Development Lending Manager. She’s reachable at 561-233-3644, or by email at [email protected].
It’s a small project on paper, sure. But in a tight market, eight ownership units feel like something.
For more, see the official announcement.
