Affordable housing might be in Port St. Joe’s future

Published: Thursday, August 29, 2013 at 09:28 AM.

Projected rent levels for the units will start at $419 a month for two bedroom homes, $468 for three bedrooms and $508 for four.

Rent will be calculated according to the occupant’s income and budget. Potential renters will also be required to undergo a credit and background check, though occupant decisions will not be made solely from the results.

Mayor Mel Magidson was supportive of the idea, but wanted some time to factor the latest city budget numbers to his decision.

“It’s a great project,” said the mayor. “We need it.”

Though the project will cost the city $2,500 to get the paperwork and grant process started, Magidson asked city manager Jim Anderson to work with Gibson to ensure that the paperwork didn’t call for any additional out of pocket costs.

Once the contracts had been explored by the city, a vote could be held at future official meeting.

The Housing Credit program is governed by the U.S. Department of Treasury and awards each state an allocation based on the per capita amount of $1.75 times the state population plus the state's share of the national pool annually.

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