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Casa Amigos/Strategic Investment Fund

Posted September 27, 2019

NeighborWorks America’s Strategic Investment Fund helped support geographic expansion of Rural Neighborhood’s shared-housing model and that seed money is reaping dividends!  Casa Amigos – a 96-bed, 28-unit rental community at Esperanza Place in Immokalee recently received a $5.15M commitment from Florida Housing Finance Corporation toward 2020 construction. 

Our shared-housing model enables unrelated adults to share rental apartments through individual rather than household leases.  Residents enjoy landlord-paid utilities, basic furnishings and service-enriched living at a monthly cost ranging from $225 to $250 per month per person.  This is RN’s  4th shared housing venture as we perfect our approach. The latest properties – Casa Juarez and Casa Amigos – encourage employer-assisted living where businesses subsidize rents for segments of their workforce.

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