Port St Lucie – Sunday August 14, 2022: The City of Port St. Lucie has helped six residents realize their dream of owning a home by creating and implementing an affordable homeownership opportunity funded by a federal Neighborhood Stabilization Program grant.
Colette Kemerer, a local health worker; Jessica Jimenez, single mother of five children; Amie Rogers, an employee of the St. Lucie County School Board; and Luis Maldonado, a postal worker, all received the keys to their newly built homes on July 28 and 29. The Port St. Lucie Home Ownership Program helped them through the entire process, from application to loan qualification to closing. The closing took place at City Hall where the new residents of PSL completed all the necessary paperwork, including mortgage and title fees, to officially seal the deal. Two additional candidates are expected to close by the end of September.
“These new owners are working so hard to get to the point of signing the closing documents,” said Port St. Lucie Neighborhood Services Assistant Director Alessandra Tasca. “Families who have been able to buy one of these homes pay less for their mortgage than for their rental home. Home ownership is an important feature of our city, providing housing stability for a stable workforce and economic development. »
The City of Port St. Lucie secured the grant to fund the program, then partnered with the Community Land Trust of Palm Beach County and the Treasure Coast to build six three-bedroom, two-bathroom homes as an option for Affordable housing for low-to-moderate income individuals or families. The City of Port St. Lucie’s Neighborhood Services Department secured the grant to build the homes on surplus properties in the city.
Home prices range from $74,000 to $135,000, based on 50% and 80% of area median income. The sale price was determined by household income when a candidate qualified. The City received 420 applicants who requested the opportunity to purchase one of the houses at a price deemed to be commensurate with their level of income.
The program was made possible through special thanks to mortgage lenders First Horizon Bank and Synovus Bank; pro bono legal service Palm Beach County Legal Aid Society, Inc.; HUD Certified Housing Counselor; and educating first-time home buyers through the Housing Foundation of America, Urban League of Palm Beach County, and Debt Helper.
The City of Port St. Lucie’s Neighborhood Services Department hopes to continue to expand this program. For more information on housing programs, visit: www.CityofPSL.com/Housing.