JPMorgan Chase Destina $5 Millones para Ampliar el Acceso a Viviendas Asequibles en la Florida Central

Comunidad y Servicios

La Alcaldesa del Condado de Orange, Teresa Jacobs, se reunió con líderes de la comunidad para celebrar el anuncio de JPMorgan Chase respecto de la asignación de un total de $5 millones que será destinada al Florida Community Loan Fund y New Jersey Community Capital a fin de mejorar las viviendas asequibles en la Florida Central.

The announcement of this three-year investment took place at the First Presbyterian Church in Orlando on Oct. 5. Together, two community developers will use funds to create affordable housing for hundreds of residents by:

  • Providing capital for innovate affordable housing models, including the development of multi-family rental apartment complexes using repurposed shipping containers.
  • Bulk purchasing real estate owned (REO) properties and rehabilitating them for affordable rental housing.
  • Financing the acquisition and renovation of existing multi-family properties to preserve long-term affordability.

"Central Florida has one of the nation's highest rates of cost-burdened renters and the greatest shortage of affordable housing," said Mel Martinez, Chairman of the Southeast for JPMorgan Chase and former Mayor of Orange County Government. "We're investing in this region because we see local leaders and organizations working together to come up with innovative ways to solve this problem."

Due to the lack of affordable rental units and other barriers, one in 50 families in Central Florida - including one in 17 children - experience homelessness each year, according to a 2015 report by Barbara Poppe and the Central Florida Commission on Homelessness. Many of these families end up living in hotels or motels, doubling up with other families, or in homeless shelters.

"To effectively address Central Florida's inadequate supply of affordable housing, the solutions must be implemented at the regional level. We must continue to work together as a collaborative marketplace," said Orange County Mayor Teresa Jacobs. "We are thrilled to once again receive the generous support of JPMorgan Chase. Thanks to their commitment, vision and leadership, together we are making Orange County one of the best places to live, work and raise a family."

From new strategies to current best practices, Orange County Government under the leadership of Mayor Jacobs, is committed to creating a variety of housing options that will foster a more inclusive housing market. To that end, Mayor Jacobs has allocated $5 million of local INVEST funds to be leveraged with other public and private resources in order to create new affordable units for low and very low income households.

Mayor Jacobs’ INVEST initiative, announced in 2015, is one of the largest infrastructure programs in Orange County’s history. Known as INVERTIR en Nuestro Eterno Hogar, the $300 million investment program provides for affordable housing, public safety, infrastructure, parks, pedestrian safety, road construction and transportation improvements.

Mayor Jacobs is leading a series of Affordable Housing Workshops, which is a direct result of Orange County’s Regional Affordable Housing Summit, which took place in October 2016. During the Summit, planners, developers, local government leaders and citizens explored strategies, tools and best practices that are being implemented throughout Florida and across the country. La oficina de next affordable housing workshop is scheduled on Thursday, Oct. 18, 2017 at the Osceola County Commission Chambers and will highlight creative new affordable housing types and strategies that are used throughout the state.

01-05-2017 JPMorgan Chase Grant Announcement 13 Fotos

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