Affordable housing projects in Central Florida get financial help from millions in grants
Affordable housing projects in Orlando, Kissimmee and Sanford received nearly $2.8 million Thursday when the Federal Home Loan Bank of Atlanta awarded more than $55 million in grants to help build thousands of homes across the country.
In Osceola County, the first phase of rehabilitating 50 multifamily rental units in the Kissimmee Oaks complex will receive $1 million, according to a news release from FHL Banks.
In Seminole County, Dave’s House Community in Sanford was awarded $1 million for the construction of 26 multifamily rental units.
And Rebuilding Together Tampa Bay will receive $760,000 toward refurbishing 19 single-family homes in Orlando into affordable housing.
Those were among seven development projects across the state that shared more than $4 million through the FHL Bank Atlanta grants program to help pay for 180 rental units and 29 homes as affordable housing, the news release said.
In all, 66 affordable housing projects in a dozen states and Washington D.C. will receive the 2024 Affordable Housing Program General Fund awards to help acquire, construct, rehabilitate or preserve more than 4,200 homes or rental units into housing for families or individuals with very low, low or moderate incomes.