The Lake Worth Community Redevelopment Agency (CRA) and Community Partners (also known as Housing Partnership Inc.) were awarded $500,000 in catalytic grant funds for neighborhood and community improvements in Lake Worth. The CRA and Community Partners partnered in 2014 to apply for these competitive funds to be used in the most economically distressed areas of Lake Worth. This partnership was one of only 11 applications to be funded nationwide. These funds are granted to organizations in order to spur economic development in hard-hit communities, provide new affordable housing and to create new jobs and businesses.
Funds received from this grant will be used in the CRA district’s target area. Projects will include capital improvements, a micro-loan program, home-owner, residential rehabilitation and small business loans. Other programs include the development of:
- Individual Development Accounts, which are special savings accounts that match the deposits of low- and moderate-income people. These accounts can then be used for educational purposes, purchasing a home or starting a business.
- financial fitness counseling for those living or planning to live in Lake Worth.
- foreclosure prevention classes and education for low to moderate income families.
Additional information regarding this grant or any of the other Lake Worth CRA’s neighborhood initiatives can be found by calling the office at (561) 493-2550.
New energy efficient LED street light fixtures and poles in the Royal Poinciana Neighborhood
New Dixie Highway and Gateway banners installed