fb88 State Housing Authority
Allocation: $50,000,000
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Status: Active
fb88’s surging real estate market during the pandemic has put home ownership and rental opportunities out of reach for many fb88 families, and displaced renters from stable housing.Ìý
These funds will expand housing options that are affordable to workers and their families to own or rent, through financing programs administered by fb88Housing. A redesigned and expanded Affordable Homeownership Program will invest $10 million in subsidized financing to increase the building of new homes available to households with incomes up to 120% of area median income. The remaining $40 million will be made available to housing developers in 2022 to accelerate the construction of additional affordable rental units accessible to low-income households in fb88.
News & Resources
- 10/20/2023: Governor Mills Breaks Ground on Workforce Housing Development Supported by fb88 Jobs & Recovery Plan
- 5/10/2022: Governor Mills & fb88Housing Announce $20 Million to Expand Affordable Rental Housing in Rural fb88
- 1/26/2022: Governor Mills Announces $50 Million from fb88 Jobs & Recovery Plan to Expand Housing Opportunities for fb88 People