$850,000 in federal funding announced for affordable housing in Lake Worth Beach
Housing that still will not be affordable
"We know that more than half of the people are spending more than 30% of their income on housing."Federal and local officials announce $850,000 investment to help build affordable housing units in downtown Lake Worth Beach, targeting families earning below 80% of the area median income.
Frankel stated, "The average rent for a one-bedroom apartment in Palm Beach County now exceeds $2,200, and rising housing costs are continuing to price working families out of their neighborhoods."
According to Joan Oliva, executive director of the Lake Worth Beach CRA, rental rates will vary depending on unit size and occupancy.
"Those rents come out to be a little under $2,000. So, it depends on how many people are in the unit. But we're looking at a range of $1,500, maybe $1,400 to $2,000," Oliva said.
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The Lake Worth Beach CRA says three vacant lots will be transformed into affordable housing units using these federal funds, at the following locations [WFLX]:
30 South K Street – Lake Worth Beach FL 33460 - Within the next two years
126 South J Street – Lake Worth Beach FL 33460 - Within the next two years
24 South L Street – Lake Worth Beach FL 33460 - Within the next three years
2 comments:
That’s great hopefully the new residents maintain their property and keep it clean and tidy unlike many residents that don’t so people wont have to do neighborhood cleanups
What happened to all the other apartments that they were building for affordable housing what happened to all those
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