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A new development of 52 rent-controlled homes off J.W. Davis Drive and Hewitt Road is on schedule to start building this fall. Arby Smith, co-founder of RichSmith Development LLC of Little Rock, Ark., said his company has all the necessary permits in place and is clearing the land.

Like many South Floridians, Sheridan Lydon is frustrated by the pillow-soft housing market. She has houses in Boca Raton and Pompano Beach but can't sell either and now is asking less than she paid for each.

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