More Accolades for the CRA: Lake Worth CRA wins Florida Redevelopment Award again!

LAKE WORTH COMMUNITY REDEVELOPMENT PROJECT WINS ANOTHER STATE AWARD

LAKE WORTH, Fla. -   The Lake Worth Community Redevelopment Agency (CRA)has been recognized by the Florida Redevelopment Association (FRA) for an outstanding redevelopment achievement. The FRA presents awards annually to projects that exhibit the best practices in Florida redevelopment over the past year. The winners will be honored during FRA's 2012 Annual Conference, to be held October 25, 2012. 

This year, the Lake Worth CRA has earned the award for "Outstanding Affordable Housing Project" as a result of their $23,200,000 Neighborhood Stabilization Program which purchased over 100 foreclosed and abandoned properties in order to rehabilitate or construct new homes for residents in Lake Worth. The Neighborhood Stabilization Program is part of the American Recovery and Reinvestment Act of 2009 which is administered through the United States Department of Housing and Urban Development (HUD). As a result of this project, the CRA is providing decent housing, a suitable living environment, and economic opportunity, primarily for persons of low and moderate-income in neighborhoods in decline due to the negative effects of a high number and percentage of homes that have been foreclosed upon. The foremost goal of the project is to halt the economic decline, and then position the neighborhood for a sustainable role in a revitalized community.

The FRA awards committee carefully selects the winners from over 60 entries. All of the entries embody the spirit of successful community redevelopment and revitalization.

For more information about the awards program please call the Lake Worth CRA office at (561) 493-2550 or visit www.lakeworthcra.org or www.lakeworthnsp.org.