FCLF LOANS: $965,000
9 LOANS for New Construction/Rehab and
Line of Credit for Supportive Housing
98 jobs created
"We would not have been successful in creating this program for homeless veterans without your help and support. Thanks to FCLF, we can provide housing and services for 28 homeless veterans who served our country and their families." – Ginger Ferguson, Executive Director
The mission of the Coalition for the Hungry & Homeless of Brevard (CHH Brevard) is to provide decent, affordable housing and to expand opportunities available to very low, low and moderate income citizens, as well as to facilitate ownership, management, and operations of business enterprises in economically depressed areas and to raise the economic, educational and social levels of the residents of Brevard County.
Tropic Hammock Apartments consists of 10 affordable rental apartments in a nicely wooded location in Titusville. The green built 2-story building is of insulated concrete form (ICF) construction, contains energy efficient HVAC and appliances, and other green features. The wall and attic insulation have a rating of R-30.
Tropic Hammock residents will be very low to low-income military, disabled veterans and their children, and low income families. One population that the Coalition hopes to serve that has increased recently is disabled veteran women with children. Support services will be available to residents, including but not limited to: Welfare to Work, Self Sufficiency Program, first time homebuyer seminars, literacy training, job training, English as a second language training, and resident assistance referral program.
With a revolving line of credit from FCLF and other public financing, the Coalition for the Hungry and Homeless of Brevard will be able to avoid long-term debt financing that would limit the affordability of the units to very low income residents.
This is just one project that FCLF has financed for CHH Brevard.