Set Free Coalition Outreach Programs Inc.
Set Free Coalition Outreach Programs Inc.
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About this organization
Revenue
$131,793
Expenses
$129,963
Mission
Set Free Coalition Outreach Program is a Community Housing Development Organization (CHDO). U.S. Department of Housing and Urban Development (HUD) administers the HOME Investment Partnerships Program (Home Program) which provides funds to increase the number of affordable housing
About
Set Free Outreach Coalition purchased and rehabilitated a single family residence in Pompano Beach, Fl. This single family residence increased the number of affordable housing units in Pompano Beach, Fl. In order to ensure affordability, the property must meet the affordability requirements as provided in 24 CFR 92.252. Affordable Housing shall mean as follows: Affordable to persons or families earning eighty (80%) percent or less of average median income for Pompano Beach as determined by HUD and who will be required to pay no more than thirty (30%) percent of their income for housing costs. It is further stipulated that the subject property must remain affordable, according to this definition, for any subsequent buyer for a term of at least twenty (20) years after the date of initial purchase.