#1 out of 13
business8m ago
First Coast Habitat for Humanity receives $4 million investment to help 100 families buy homes
- First Coast Habitat for Humanity secures nearly $4 million to support about 100 families in Northeast Florida.
- The funds will subsidize homeownership for about 100 families by securitizing some Habitat mortgages.
- The organization expanded service area beyond Jacksonville into Nassau and Baker counties and rebranded.
- Charity Cobb became the first homeowner in Baker County through the program.
- Affordability remains a key focus as more than half of Jacksonville renters are cost-burdened.
- The program targets households with incomes as low as $38,000 per year.
- Habitat is seeking land in Duval, Nassau, and Baker counties for future developments.
- The affiliate’s brokered mortgages will help sustain future homebuilding efforts.
- The organization marks its 40-year presence in the Jacksonville area.
- The initiative aligns with broader regional efforts to address housing affordability.
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