$2.3 Million Grant Will Help Develop Affordable Housing in Winter Haven
Published on Nov 23, 2022
Bartow, Fla. (Nov. 22, 2022) — The Polk County Board of County Commissioners has approved a $2.3 million grant that will be used to develop affordable housing at Grove Manor Apartments in Winter Haven. The grant is part of an agreement between Polk County, Neighborhood Lending Partners (NLP), and the developer for Grove Manor (Smith & Henzy Advisory Group, Inc., a real estate development firm specializing in increasing affordable housing throughout Florida).
The $2.3 million grant consists of HOME American Rescue Plan (HOME-ARP) funds. HOME-ARP is a federal program that aims to reduce homelessness and increase housing stability.
This project will encompass 84 units designated for seniors. Eleven newly constructed units will be set aside for seniors at risk of homelessness (these are the HOME-ARP units). All other units will be set aside for seniors at or below 60% of the area median income. All units will receive rental assistance through various rental assistance programs.
Other grant funds will be used to renovate 42 existing one bedroom/one-bathroom units at Grove Manor Apartments, and to build of 42 one bedroom/one-bathroom units. Renovation and construction is expected to be completed by June 2024.
The existing units are made up of 13 single story residential buildings (1350 – 1376 Third St. NE and 1401 – 1426 Third St. N.E.). The new construction units will be built at 217 Ave. O NE in a three story, elevator accessed apartment building. All major systems will be upgraded, and the ground floor of the new residential building will include a community center.