Let’s Increase Florida Home Loan Applications: Cape Coral Affordable Housing Funding

Kelly Green is a single mom that’s been working two jobs for years. Nevertheless, help was needed for her to apply for a Florida home mortgage:

The Cape Coral Housing Development Corporation paid part of Green’s down payment.

The non-profit group also assisted this single mother with her credit score and is looking to do the same for others. How come? Because affordable housing in Florida remains a major concern. It’s one that needs attention in all cities.

“We actually have not taken applications for home ownership programs since January of 2005,” said Bonnie Timberlake of the group. “The need is still out there. “We get calls daily, but we don’t have the means to take care of all those individuals.”

That may soon change.

On Monday, Cape Coral’s City council will talk about giving the Housing Development Corporation more than $600,000 worth of state funding. They want to see applications for Florida home loans rise even more and for lower-income, first-time buyers to have a chance to purchase property.

If accepted, the program/funding will be reserved for those making less than $30,000 per year. But the group also holds home ownership classes once a month.

Those classes are open to everyone. We suggest stopping by. Or at least completing the RISK-FREE application at the top of this page. Sitting down with a Florida home mortgage broker is the best way to understand what you can afford.