Spacious Apartment Near Intracoastal for Rent
1/1 Apartment for Only $625 Per Month
Large 1/1 apartment in quiet neighborhood near shops, resturants, and mass transit in historic Northwood Village. This apartment includes the free use of a washer/dryer in the utility room. You only need to bring your dirty clothes and soap! In the apartment are a full sized refridgerator, stove, and dishwasher.
The rent includes water, curbside recycling, and trash collection. For more information about this great aparment click here
Neighborhood Renaissance Receives Support for Affordable Rental Housing Initiatives
West Palm Beach, Florida – January 4, 2010. Neighborhood Renaissance, Inc. was the proud recipient of $50,000 from the Community Foundation for Palm Beach and Martin Counties, which was awarded to stem the tide of low-income tenant displacement and to help prevent homelessness. The grant was made possible through an endowment by the John S. and James L. Knight Foundation. We were one of eight nonprofit organizations to receive funds in this highly competitive funding round. All the programs funded are working to increase access to food assistance or to provide immediate shelter for either the homeless or those who could potentially become homeless.
The grant will be leveraged with additional capital funding from Palm Beach County’s Neighborhood Stabilization Program for multiple efforts we are undertaking to reclaim foreclosed properties as affordable rental and lease-to-purchase homes. Our first initiative is to acquire and renovate bank-owned properties located in unincorporated West Palm Beach. We are also assisting the Village of Wellington to purchase and rehab bank-owned properties in Wellington’s transitional neighborhoods for lease-to-purchase by low-income families. Secondly, efforts are underway to increase our capacity to preserve existing rental housing that is at risk of being lost due to disinvestment, market pressure, or expiring affordable housing restrictions. Many of these homes were originally built with public funding. It is our intention to acquire and upgrade these homes and maintain their affordability for future generations.
Founded in 1992, Neighborhood Renaissance is a comprehensive nonprofit community development corporation dedicated to creating and preserving strong neighborhoods and homes within the financial reach of low -and moderate-income working families. Originally based in West Palm Beach’s North End, the organization expanded its geographic service area county-wide. We have helped over 65 low-income households to become homeowners, provided housing counseling assistance to over 1,000 individuals and have built 33 affordable homes resulting in an $8 million investment in Northwood’s poorest neighborhoods. We have also provided small business assistance to over 150 low and moderate income entrepreneurs in the Northwood Village resulting in over 115 jobs. In addition, in partnership with the Westgate-Belvedere Community Redevelopment Agency we are in the process of developing 13 new affordable homes in the Westgate neighborhood. For more information about Neighborhood Renaissance’s affordable housing opportunities please call (561) 832-6776
Preservation
The goals of the Neighborhood Renaissance Rental Preservation Program are to save and upgrade existing rental housing and to reclaim vacant/foreclosed properties for permanently affordable housing. Demand for decent and affordable rental housing is high in Palm Beach County due to condo conversions, the number of foreclosed homeowners newly entering the rental market, and the loss of rental properties to foreclosure. The loss of smaller 1 – 4 unit rental properties is troubling for several reasons. These properties are often more affordable than apartments in newer, multi-family developments, which have relatively more amenities. Furthermore, 1- 4 unit rental homes typically accommodate large families that do not fit comfortably into large multi-family complexes.
We have targeted the preservation and upgrading of rental properties for occupancy by low-income working families at risk of becoming homeless and who have the most difficulty finding and keeping decent and affordable housing. We also seek to preserve affordable rental properties with convenient access to public transportation, near job centers and which are located in established neighborhoods. This strategy will help to stem the tide of low-income working families being displaced during the foreclosure crisis and preserve affordable rental homes for the long-term.
