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Affordable Housing Grant

February 27th, 2009 by flanews

Florida will receive a million dollars from a federal grant to improve low income rental properties around the state.

The money will go to repairing five thousands of the state’s 250,000 subsidized rental properties. If the homes fall into shambles, the Federal government will no longer pay the subsidized rent and many families would have to look for another place to live. Florida Housing Finance Corporation Spokesman Steve Auger said money will help the state’s most needy.

“These properties serve Florida’s most vulnerable citizens, those with disabilities, and our folks, the working families at the low end of the pay spectrum. It’s real critical as part of Florida economic infrastructure that those families have a decent place to lay their heads at night,” said Auger.

Even though many of the properties are more than 20 year old, housing experts say it’s much more cost effective to repair the houses than to build new ones.

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