The Dune, a new development from Affiliated Development, will deliver 336 residential units, including 38 three-story townhomes 298 apartments in an eight-story building to Boynton Beach.
To promote affordability, 198 units will be reserved for households earning between 80% and 120% of area median income. Some residences will feature Intracoastal and ocean views.
The project tapped into Palm Beach County’s Workforce Housing Exchange Program, The Live Local Act and a $73 million construction loan from Pacific Life Insurance Company.
“The Live Local Act has created a meaningful pathway to deliver workforce housing in high-cost markets, and The Dune is a strong example of how thoughtful public policy can help unlock much-needed housing while maintaining design quality and community standards.” says Nick Rojo, co-founder of Affiliated Development. “Providing quality, attainably priced housing would not be possible without participation from our public partners, it takes creative solutions to address the housing crisis, especially given the current cost environment.”