The Lee Board of County Commissioners voted to approve two measures to assist people affected by Hurricane Ian with housing needs. The board voted to approve an amendment to the 2023-2026 Local Housing Assistance Plan for demolition and reconstruction of single-family homes occupied by income-qualified households. This strategy includes elevating existing homes located in a flood zone and determined to be in need of repairs in excess of 50% of value of the home due to hurricane damage. Hurricane Housing Recovery Program funding administered through the State Housing Initiatives Partnership program will fund this effort. The county is estimated to receive about $16.6 million in disaster funding for affordable housing through SHIP. The board also voted to approve agreements to provide Hurricane Housing Recovery Program funding totaling $8.2 million to nonprofit housing development organizations to assist households affected by the storm. The program is solely funded by the state, administered in accordance with the SHIP program. The funds will be used to assist 133 homeowners with down payment assistance, owner–occupied rehabilitation and demolition/reconstruction. The program places a priority on serving very low-income, low-income and special-needs households. Eight nonprofit housing development organizations will receive funds, including Habitat for Humanity, Lee County Housing Development Corp., Affordable Homeownership Foundation and others.
Founded 25 years ago in Minneapolis by Peter Mork, Capital Partners has grown to manage about $1.6 billion in assets...
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