Florida receive HUD grant to develop housing for low-income elderly

Senior housing developments in 30 states will receive critically needed funding to get their projects off the ground thanks to more than $17 million in "pre-development" grants announced today by U.S. Housing and Urban Development Secretary Steve Preston. The grants are awarded to 63 project sponsors under HUD's Section 202 Supportive Housing for the Elderly Program.

Florida project sponsor recipients are:

Diocese of St. Petersburg $400,000
Diocese of Southwest Florida $400,000

According to U.S. Housing and Urban Development Secretary Steve Preston, "This funding will help these organizations cope with the complexities of developing vitally important elderly housing projects in their communities," said Preston. "These funds can make all the difference between these senior housing developments getting built or not. In many respects, it's our way of investing in our elderly just as they devoted so much of themselves to us."


Related Florida real estate views:

Few Florida single-family homes suitable for disabled or elderly

Homeless population decreases according to HUD


- Greg Staker, Watson Realty Corp., 407-304-0255