PACES offers new affordable housing proposal

Published: Thursday, June 19, 2014 at 11:29 AM.

Elected officials from the county and city of Port St. Joe were presented the latest proposal to bring affordable housing to the south end of the county.

The Paces Foundation, which last year applied but was turned down for state tax credits that would be leveraged for private funding to construct affordable housing, brought the new initiative to the Board of County Commissioners last week.

And during a joint workshop between the BOCC and Port St. Joe last week the two boards agreed to explore the feasibility of the proposal to build roughly 50 units on 40 acres of land off Clifford Sims Blvd. that is owned by the city of Port St. Joe.

There is no time to waste. Applications for the new dollars are due July 1 and both bodies said they would consider options in the next two weeks.

The proposal is to pursue a portion of some $20 million in HOME grant dollars, which flow from the Department of Housing and Urban Development to states for use in partnership with non-profits to make affordable housing a reality.

The Florida Housing Finance Corp. is administering those funds, said Mark Dumas with the PACES Foundation, for small- and medium-sized communities.

The Paces Foundation, a Georgia-based non-profit which leverages public housing dollars with private financing to build affordable housing in the Southeast, proposes to apply for $6 million.

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