Wednesday, July 18, 2018
Business

New single-family affordable homes coming to East Tampa

TAMPA — A slew of new single-family houses are coming to East Tampa thanks to Florida's $3 million Minority Impact Housing Fund.

The Corporation to Develop Communities of Tampa and Neighborhood Lending Partners will build the homes, the groups announced Tuesday. The development is near N 34th Street and E 28th Avenue will be called "Beacon Homes."

"We're thrilled to establish the Florida Minority Impact Housing Fund and know that Beacon Homes will be a wonderful addition to East Tampa and a vital part of the area's revitalization efforts," said Debra Reyes, the president and CEO of Neighborhood Lending Partners, in a statement. "Quality, affordable housing should be available to all Florida residents and it is our goal to create those opportunities in as many communities as possible."

Bank of America and Wells Fargo are the main supporters of the state's minority housing fund, which provides financial support to help develop affordable housing .

"This allows us more opportunities to further our redevelopment efforts in East Tampa and other areas in Hillsborough that need it the most," said CDC President and CEO Ernest Coney in a statement.

NLP officials said it has been involved in the management and financing of more than 137 housing properties in Florida.

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