Palm Beach County
About
Palm Beach County appears in the record as a lender in its capacity as a county government, lending for housing through its Department of Housing and Economic Development. It is distinct from the separately constituted Housing Finance Authority of Palm Beach County.
As a political subdivision of the State of Florida, the County is categorically ineligible for CDFI certification under federal regulation (12 CFR 1805.201), and it is not a certified community development financial institution. It is a public program lender, not a bank; the only bank ever chartered under a similar name has been defunct since 2005.
Its Housing Bond Loan Program, funded by a $200 million general-obligation housing bond that county voters approved in 2022, publishes multifamily rental terms that include a twenty-year balloon, amortization up to fifty years, low interest, and a minimum fifty-year affordability covenant, with private for-profit borrowers eligible.
LoanList has tracked one closing with Palm Beach County as lender: a $4,300,000 mortgage recorded in April 2026 on a twelve-unit rental property in the Lake Worth area, carrying a twenty-year term. This is a public-agency record, published for transparency; the County is not a solicitable commercial lender.
Lending Parameters
Markets served: Florida. Asset classes: Multifamily.
Recent Closings by Palm Beach County
| Date | Amount | Asset | Property | City, ST | Lender | Purpose |
|---|---|---|---|---|---|---|
| Apr 1, 2026 | $4,300,000 | Multifamily | 2651 2nd Ave N | Lake Worth, FL | Palm Beach County |
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