HUD AND FLORIDA MANAGEMENT COMPANIES REACH AGREEMENT TO IMPROVE AND INCREASE HOUSING OPPORTUNITIES FOR FAMILIES
By HUD -

WASHINGTON, DC – July 21, 2010 – (RealEstateRama) — Families with children are now able to live without restrictions at a Pompano Beach, Florida housing development under a voluntary agreement between the U.S. Department of Housing and Urban Development (HUD), Cornerstone Residential Management, Inc., and the Oaks at Pompano, Ltd. The agreement will improve and increase the affordability of multifamily housing in their area and provide $30,000 in rental assistance to families with children. The firms will also make family-friendly improvements to their properties and donate $20,000 to a fair housing organization


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HUD
http://www.hud.gov/

U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

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Brian Sullivan
(202) 708-0685

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