By CBS News – March 13, 2024
CBS News reports that Pinnacle 441 in Hollywood is facing overwhelming demand with 18,000 inquiries for just 113 available affordable units in its first phase, so Pinnacle has opened a lottery system for leasing. Following the registration window, applicants will be randomly selected for a chance to apply for a lease, highlighting the severe shortage of affordable housing options in South Florida. Broward County and Hollywood are taking steps to address the crisis through new development and funding initiatives.
