The creation and preservation of quality rental housing, which remains affordable to lower and low-moderate income residents of Broward County, is the Goal of this Program.
Currently, H.O.M.E.S. owns five (5) single-family houses and thirty-two (32) apartments, on scattered sites within the City of Ft. Lauderdale. These units are leased to qualified lower-income residents.
Property Management is conducted by staff – including leasing, rent collection, income certifications, as well as landscape and building maintenance and repair activities. Because of the close personal oversight of the Rental Program by H.O.M.E.S. staff – lease defaults are extremely minimal, and tenants facing financial issues are provided with appropriate links to assistance from partner agencies.
When funding permits, Financial Education classes are provided to tenants, to assist them with becoming more financially self-sufficient and knowledgeable about financial systems in the greater society (e.g., insurance, car loans, banking, mortgages, pay day loans, etc..).
Our plan is to acquire at least eight to ten (8 – 10) new rental units over the next three (3) years, i.e. by the end of 2019.
In addition to residential rental property, H.O.M.E.S. owns six (6) units of commercial property. These are utilized either by H.O.M.E.S. itself in furtherance of its community development mission, or rented to other community non-profits.
For example, our current commercial tenants include the South Florida Community Land Trust, and the Broward Alliance for Neighborhood Development.