$149,600 FCLF financing
Purchase of a single-family home for lease as affordable housing
Feeding Hope Village is a community resource hub for the local population in Riviera Beach, Florida, where the needy can obtain access to free healthy food, assistance to help them from becoming homeless, employment referrals, social service and health information. Feeding Hope Village was created by Faith Deliverance Church of God Center to be a social services outreach entity. The church currently serves 750 families – around 3,000 individuals – on a monthly basis and recognized the need for additional services.
With financing from Florida Community Loan Fund, Feeding Hope Village purchased a single-family home adjacent to the church’s main property, which is available for rent to a low-income household. This home is the first of several proposed expansion phases which will include development of new, residential, affordable housing on adjacent land, and renovation and enlargement of an existing food pantry. The planned additional development will take place in collaboration with Community Partners of South Florida (CPSFL), which initially purchased and renovated this home.
The neighborhood, which is north and west of downtown Riviera Beach, is currently a mix of single and multifamily homes, with several recreation areas for children and a nature preserve nearby. Feeding Hope Village’s project is a part of the redevelopment activity currently underway to support the existing low-income community, and a foundation for continued improvement of the neighborhood.
As home prices continue to rise and affordable and workforce housing inventory continues to decline in Palm Beach County, residents are being forced out of the community. Recognizing the dwindling supply, Feeding Hope Village and CPSFL joined together to create affordable housing opportunities through the purchase and rehab of homes with a focus on residents’ economic success.