Ability Housing of Northeast Florida

Ability Housing of Northeast Florida is a non-profit organization founded in 1992 that develops and operates affordable rental housing for low-income individuals and families at risk of homelessness or with disabilities. In 2008, the organization purchased an 83-unit complex with a $2 million loan from LISC and Bank of America. After rehabilitating this complex, 42 units will be available for formerly homeless individuals and families, while 41 units will be available to low-income families for half the average market rate rent above $650. The organization has also purchased a 52-unit foreclosed property and is working with HUD to acquire a 60-unit foreclosed complex. In 2009, the organization generated revenue of $900,000, with 73 percent generated from rental and program revenue.

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