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Posted on: December 9, 2019

MONROE COUNTY WELCOMES “THE QUARRY” TO ROCKLAND KEY AT RIBBON CUTTING

The Quarry ribbon cutting group photo

Monroe County Mayor Heather Carruthers, Mayor Pro Tem Michelle Coldiron, Commissioner David Rice, and State Rep. Holly Raschein joined the Toppino family and The Vestcor Companies last week to cut the ribbon on the affordable housing project “The Quarry” on Rockland Key. 
 
“The Toppino family had a vision to help our workforce with quality housing in the Lower Keys,” said Coldiron. The project falls in her district. “Today, we celebrated their hard work and tenacity in making their dreams, and the dreams of so many people who were looking for quality housing, a reality.” 

That reality took a host of public and private partners to complete. The State of Florida awarded the project Low Income Housing Tax Credits, the County helped fund the roadway and sewer costs into the project, and private funding was also a necessity. The County’s Building Official Rick Griffin worked closely with the project managers to bring the units online as quickly as possible as the construction of each building was completed. And, the County and City of Key West worked in partnership to create 208 affordable Rate of Growth Ordinance (ROGO) units, each providing 104 ROGO units. 

The property has 12 units deed-restricted for extremely low-income households with maximum income for a family of four of $23,900 annually and a maximum rental rate of $621; 84 units for low-income households with a maximum income for a family of four of $57,630 and a maximum rental rate of $1,491; and 112 units for moderate-income households with a maximum income for a family of four of $114,720 and a maximum rental rate of $2,983. The moderate-income units have maximum rental rates of $2,152 for a 1 bedroom, $2,583 for a 2 bedroom and $2,983 for a 3 bedroom unit.

“These units were in the planning stage prior to Hurricane Irma and they opened during a critical time of housing recovery in Monroe County, offering new, resilient housing, elevated above the minimum flood elevation,” said Assistant County Administrator Christine Hurley. “After seeing the damage to mobile homes and the older housing stock in the Florida Keys, we have confirmed this is the type of housing that will be necessary to have less devastation during the next storm.”

For more information on The Quarry, visit www.quarrykeywest.com.

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