Representative Lois Frankel (FL-22) announced the allocation of federal funding for affordable housing in Lake Worth Beach, paving the way for community developers to repurpose empty homes.
The funding is directed to the Lake Worth Beach Community Redevelopment Agency (CRA), which aims to bolster ongoing efforts to address the pressing need for affordable rental and homeownership opportunities within the community, according to a news release.
With housing costs soaring and many families facing the threat of displacement, the CRA plans to use the funding to acquire blighted foreclosed or for-sale homes, transforming them into affordable housing units.
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