Adopt-A-Family is an organization that received a grant from the Community Foundation for its Service Enriched Housing program.
This story appeared on WPTV West Palm Beach on February 24, 2022.
The Adopt-A-Family Service Enriched Housing (SEH) program is an innovative housing program for low-income families dedicated to the pursuit of financial stability and homeownership. SEH provides safe and affordable housing for 30 families.
Families work collaboratively with the program manager to address credit obstacles, debt, and the necessary steps to becoming a homeowner.
SEH’s innovative rent model enables families to save money while paying rent that is well below fair market value. Residents are charged 30% of their gross income for rent.
Any amount over $550 is placed directly into an individual escrow account for each resident.
During the 2019-2020 fiscal year, the residents saved a combined total of $63,778 in their escrow accounts.
Additionally, SEH residents are referred to a number of first-time homebuyer workshops approved by the U.S. Department of Housing and Urban Development. These workshops expand on various aspects of homeownership, such as budgeting and credit counseling.
For more information about grants and scholarships available from Community Foundation for Palm Beach and Martin Counties, click here.
To learn more about the Adopt-A-Family Service Enriched Housing (SEH) program, click here.