New Affordable Housing Complex to Bring 360 Units to West Cocoa!
A new $80M affordable apartment complex in West Cocoa will provide 360 units, addressing Brevard County's housing shortage.
New Affordable Housing Complex to Bring 360 Units to West Cocoa!
In a move that aims to address the pressing need for affordable housing in Brevard County, a new apartment complex is set to rise in the West Cocoa area. With an investment of $80 million, this development will bring an impressive 360 new units to a community that is grappling with a significant shortfall in affordable living spaces. The planned location is conveniently situated at the corner of South Burnett Road and Parrish Road, making it easily accessible for local families.
The new complex will feature a mix of apartment sizes, including 90 two-bedroom, 180 three-bedroom, and 90 four-bedroom units, spanning across 15 three-story buildings. Residents will also have access to various amenities, such as a clubhouse, fitness center, and pool, enhancing the sense of community. According to Florida Today, the construction is expected to kick off in the fall of 2026, with families potentially moving in by the fall of 2028.
A Helping Hand for Low-Income Families
This initiative comes at a crucial time since Brevard County is currently facing a staggering shortage of 24,786 affordable housing units for individuals and families making less than 60% of the median income. The new apartments will be specifically available to families earning 60% or less of the area’s median income, which ensures that essential workers can find suitable housing. The Brevard County Housing Finance Authority will play a key role in funding this project, issuing $80 million in bonds that will be repaid over the next 30 years.
The developer, Dominion, has made a commitment to maintain affordable rental rates for a minimum of 30 years, thanks to a deed restriction attached to the project. Although the final lease rates haven’t yet been determined, it’s clear that this development represents a significant step forward for those struggling in the rental market.
Current Affordable Housing Landscape
- Melbourne Housing Authority: 148 units available.
- Housing Authority of Brevard County: 2,552 units available.
- Housing Authority of the City of Titusville: 992 units available.
- Housing Authority of the City of Cocoa: 219 units available.
Additionally, Fair Market Rent rates in Brevard County reflect the financial strains on families. For instance, the average rent for a three-bedroom apartment is roughly $1,938, while a four-bedroom can run up to $2,263. This makes the new project’s focus on affordable rates even more meaningful.
Community Support and Federal Assistance
Brevard County actively seeks solutions to bolster its housing options. Federal grant funds from the U.S. Department of Housing and Urban Development (HUD) are allocated through programs like the Community Development Block Grant (CDBG) and the HOME Investments Partnership program. These initiatives are essential in supporting low and moderate-income residents in the county.
The 2025-2026 Action Plan, which is developed based on extensive community feedback, allocates these funds to improve affordable housing conditions. The public’s input is welcomed during the open comment period, highlighting the county’s commitment to community involvement.
Given the ongoing challenges, this new apartment complex can be seen as a beacon of hope for many families in Brevard County. As construction begins in the coming years, residents eagerly await what could be a pivotal change in their housing landscape, making it clear that when it comes to affordable housing, Brevard is making strides.