The $23.2 million federal grant program that allowed the city Community Redevelopment Agency and its nonprofit partners to buy and rebuild 76 homes and create 79 rental units technically ended Feb. 11, but Lake Worth’s Neighborhood Stabilization Program isn’t over.
The CRA and its partners had three years to spend the grant money that improved the look of older neighborhoods west of Dixie Highway and replaced tenants with homeowners. Feb. 11 was their spending deadline.
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Homes and townhomes built with money from a $23.2 million federal grant are still available through the Lake Worth Community Redevelopment Agency to buyers who meet income guidelines. They include:
- Twelve townhomes designed as live-work spaces for artists on North F Street and Lucerne Avenue. Buyers must meet definition of an “artist.” Average price: $127,000.
- A three-bedroom, two-bath home at 1405 Lake Ave., offered for $87,000.
- Three-bedroom, 3.5-bath townhome at 219 N. L St., offered for $129,000.
- A three-bedroom, two-bath home at 502 N. F St., offered for $89,000.
- A three-bedroom, two-bath home at 512 N. H St., offered for $88,500.
Buyers of all grant-funded properties must have household incomes of 120 percent or less of the area median income — a maximum of $79,920 for a family of three. Information for potential buyers can be found at www.lakeworthnsp.org or by calling the Lake Worth CRA at (561) 493-2550.