TALLAHASSEE, Fla. (WTXL) — Millions of dollars have been approved to build more than 200 units of affordable housing in counties ravaged by Hurricane Michael.
The Florida Housing Finance Corporation (Florida Housing) Board of Directors has approved the funding of seven newly-constructed rental developments that will provide over 200 units of affordable housing in counties ravaged by the storm.
The more than $30 million investment will be made using federal Home Investment Partnerships Program (HOME) funding and include developments in Bay, Gulf, Jackson and Wakulla counties.
In Wakulla County, the funding will create 27 units available for rent and in Jackson County, the $30 million will open up 30 units.
In February, Florida Housing offered $30 million of HOME funding to applicants proposing the construction of affordable, multifamily housing in Hurricane Michael impacted counties and in rural areas. A total of 20 applications were received.
“We continue to see a basic lack of housing units in the area,” said Trey Price, executive director for Florida Housing. “These new affordable rental units will be a welcome addition and represent the first new, permanent rental housing that has been government financed.”
Click hereto view the list of all applicants selected for funding.
