The remaining eight units will serve families who are classified as extremely low income and make at or below 33% of Milton s area median income, which comes out to $17,618 a year.
“This offers workforce and affordable housing to those essential workers that we are having such a critical time finding right now,” said Ed Spears, Milton’s director of economic development. “It allows people to live where they work, in the city limits, and expands our inventory of housing in the community and allows us to grow as a community by increasing the amount of people that live here.”
The project was first brought before Milton officials for consideration in October 2019, when Timshel approached the city and asked for a loan so that it could help secure financing from the Florida Housing Finance Corp., which assists local governments with affordable housing opportunities. Company and city officials knew at the time that the bid was a long shot, as low-interest or no-interest gra