Housing, Urban Development Approves $3.2M Loan Guarantees To Brevard County

By  //  October 6, 2015

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Brevard Health Department will operate clinic, which will be located in a low-income community

Brevard County Housing and Human Services has received notice of approval of two loan guarantees from Housing and Urban Development, one for $1.6 million to build a health clinic to serve low-income persons in the City of Melbourne, and one for $1,6 million to build a 3.8-mile potable waterline loop to connect the West Canaveral Groves area to the municipal water system.

Brevard County Housing and Human Services has received notice of approval of two loan guarantees from Housing and Urban Development, one for $1.6 million to build a health clinic to serve low-income persons in the City of Melbourne, and one for $1,6 million to build a 3.8-mile potable waterline loop to connect the West Canaveral Groves area to the municipal water system.

BREVARD COUNTY, FLORIDA – Brevard County Housing and Human Services has received notice of approval of two loan guarantees from Housing and Urban Development, one for $1.6 million to build a health clinic to serve low-income persons in the City of Melbourne, and one for $1,6 million to build a 3.8-mile potable waterline loop to connect the West Canaveral Groves area to the municipal water system.

HUD’s Section 108 Loan Guarantee Assistance Program enables local governments to borrow money at reduced interest rates to promote economic development, stimulate job growth and improve public facilities.

Such public investment is often needed to inspire private contributions, to provide seed money, or to simply boost confidence private firms and individuals may need to invest in distressed areas.

According to the applications to HUD, The Brevard County Health Department will operate the clinic, which will be located in a low-income community.

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The target population for the clinic has particular problems with securing transportation to receive services, so the Health Department Building’s location is of particular importance.

HUD-BREVARD-COUNTY-180“HUD’s Loan Guarantee Program can be a powerful public investment tool to drive economic development in under-served areas,” said HUD Regional Administrator for the Southeast Ed Jennings, Jr.

“The program will provide much-needed services to disadvantaged communities and provide jobs for Brevard County residents who need them most.”

The West Canaveral Groves waterline will provide fire protection services for a residential service area in which approximately 77 percent of the residents are low and moderate income persons.

The waterline will also include features to permit future direct access to residents along Satellite Boulevard and Chervan Avenue.


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