Staff Reports
PANAMA CITY Thanks to the Bay County Branch of the NAACP, there will be a Martin Luther King, Jr., event that anyone may attend virtually via Zoom Monday.
Monday s Keynote speaker, according to a news release, for the 2021 Annual Martin Luther King, Jr., Virtual Prayer Breakfast event at 10 a.m. is Keith Bowers. Bowers is a Panama City native whose work took him across the globe before bringing him to Florida A&M University where has served for six years as Regional Director of the Small Business Development Center, and the Zoom link is https://rb.gy/br2di9 for those wishing to participate.
Correction: A previous version of this story said that Bank of America provided a $3 million tax credit equity to the Lofts on Lemon project, according to information provided by the Sarasota Housing Authority. The actual total value of the tax credit equity is $15.46 million.
SARASOTA There may be plenty of jobs in downtown Sarasota, but when it comes to finding affordable, convenient housing for the workforce, there aren t a lot of options.
That s why community stakeholders say the Lofts on Lemon project, consisting of 128 housing units, including 52 aimed at hometown heroes like teachers, health care workers and first responders, is so significant.
SPRINGFIELD New affordable housing opportunities are around the corner for Bay County residents.
Slated to open this fall is Springfield Crossing, a three-building apartment complex available for lower-income residents that will boast 60 units, a fitness center, playground and clubhouse. As population growth in Florida continues to go up and up, the cost of living continues to go up, and incomes just have not been following suit, said Brett Green, president of Archway Partners, a group spearheading the development alongside EIS Housing.
Although units will feature granite countertops, energy efficient appliances and washer and dryers, applicants will be accepted only if they they make less than 70% of the area median income. That is an amount Green said the Florida Housing Finance Corporation reports as $69,400 a year for a family of four.
Connecticut
The Connecticut Housing Finance Authority gives loans for down payment assistance. You must borrow at least $3,000, but you can t borrow more than the minimum down payment for your home.
You might find assistance specific to where you live through the Housing Development Fund.
Delaware
You can receive 2% to 5% of your mortgage amount as a loan from the Delaware State Housing Authority, and put that loan toward a down payment or closing costs. You won t pay interest, and you ll pay back the loan when you move, refinance, or pay off your mortgage. You can also get up to $2,000 per year in tax credits.