An reasonably priced housing administration firm donates to the Orlando Meals Financial institution
Low-income housing company Concord Management on Tuesday promised to make a $ 100,000 donation to a food bank in the Orlando area.
The company also pledged to pledge an additional $ 10,000 per month to Second Harvest Food Bank in central Florida and hold that donation “until it is further needed to ensure steady food supplies are available to families in need,” one said Post on Concords Facebook page.
The donation announcement came a day after a story in the Tampa Bay Times set out how Concord planned to increase rent for low-income renters – in one case by about $ 50 a month – during the coronavirus pandemic, before those plans later went back.
Connected: Low-income families could see rents rise during the crisis
“As the housing provider for nearly 46,000 people calling a Concord congregation home, we recognize the hardship the recent global pandemic is causing to families across central Florida,” the company said in a statement it emailed Tuesday morning his philanthropy. “We believe Second Harvest Food Bank has a mission and purpose that align with ours, and we are honored to support Second Harvest Food Bank in Central Florida by contributing to the community’s fundraising goal – Day of Giving of $ 1,000,000. In the central Florida churches that we serve together, we see our missions as complementary to theirs, and we look forward to supporting their efforts to help those in difficulty at this time of great uncertainty. “
Concord manages homes across Florida – including Pinellas and Hillsborough – based on federal tax credits. This is an incentive the government is giving developers to build affordable housing. Rent for these units is capped based on the area’s average income. The U.S. Department of Housing and Urban Development released new median income figures this month that are up. This allows landlords and property managers like Concord to increase rents on these units.
The median income numbers are based on past years and do not take into account the current economic turmoil in response to the coronavirus.
Concord alerted residents to the upcoming April 1 rent increase and later referred back to it in an April 7 letter. The rent increases have been suspended “until further notice” for tenants who pay the rent on time. The letter said it was “a token of our appreciation”.
As median income numbers have changed, families in more than 210,000 low-income housing units in the Florida area have seen their rents rise. Across the country, that number is in the millions.
While it is legal to increase rents on these units, officials at Florida Housing Finance Corp., which manages affordable housing in the state, advise against it. According to the Times story, Trey Price, executive director of Florida Housing, issued a statement that there could be consequences for landlords who are currently raising rent.
“As the Floridians grapple with the COVID-19 public health emergency, the last thing landlords have to do is increase rental payments,” Price said. “Florida Housing partners with families in Florida by not asking for rent increases and by ensuring that Floridians have shared access to affordable and safe housing in these uncertain times. Those who choose to rent increases that affect residents during this global pandemic could have ramifications for future financing options with Florida Housing. “
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