Think for a moment about the image of rural America: close-knit communities where people are hard working and independent, small towns replete with family and friends, places where hard times are met by resilience and strength. Then think about neighborhoods across our nation where life is a constant struggle to get by, jobs are scarce, schools are marginal and it seems like there’s nowhere to turn. That’s where we work.
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We are building a place to call home – and it’s working! Through our work, poor communities become sustainable neighborhoods – good places to live.
April 12, 2022
Florida Housing Finance Corporation announced funding to two new construction projects sponsored by Rural Neighborhoods. Everglades Village Phase 5.6, a 20-unit farmworker-targeted addition to our Florida City 511-unit campus received $4.3M in a recent invitation to credit underwriting. In Labelle and Hendry County, Rural will broaden its current senior and farmworker assets through Pollywog Creek… Read more »
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April 7, 2022
Community Housing Capital, a Decatur, GA Community Development Financial Institution, and Florida Housing Finance Corporation closed $14.7 million in capital to the Rural Neighborhoods – Florida Keys Community Land Trust’s Seahorse Cottages and The Avenues rental communities in March. The planned 31 units will commence construction in April 2022 and serve Keys residents earning 80%… Read more »
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March 30, 2022
Northern Trust Corporation, a leading practitioner of corporate social responsibility and leader in wealth management and banking, recently invested $2M in Rural Neighborhoods’ affordable and workforce housing strategies. This capital is the lead community development investment in Rural’s social investment fund targeted toward innovative housing products and gap financing. “Northern Trust is remarkable in their… Read more »
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March 20, 2022
Cannery Row at Redland Crossing, our newest 112-unit senior rental community in Miami-Dade’s Naranja neighborhood, achieved 100% occupancy in less than 60 days as the final resident moved family pictures and furniture into their rental apartment in mid-March. Citibank and Miami-Dade County Surtax funded the mid-rise LIHTC rental community and marks Rural Neighborhoods’ first transportation-oriented… Read more »
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June 4, 2021
In late May, BankUnited and Florida Housing Finance Corporation closed loans to Rural Neighborhoods for its newest rental community in Immokalee, FL. Nearly $6M was raised to build 96 SRO beds targeting low-income, H-2a visa worker and agricultural labor housing. Rural continues to serve as a national leader in housing models serving farmworkers and Casa… Read more »
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