Steve Smith state Florida city Daytona Beach, state Florida president vaccine Steve Smith state Florida city Daytona Beach, state Florida

Need for affordable housing skyrocketing in Daytona Beach

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www.clickorlando.com

DAYTONA BEACH, Fla. – Five acres of land on the corner of Brentwood Drive and Derbyshire Road in Daytona Beach will soon be home to 100 units of affordable housing. “The goal is to try to keep these rents at a reasonable rate.

Typically, around 35 to 40% less than the going market rate,” said Steve Smith, President of Provident Housing Solutions, Inc.

Smith, whose company is behind the project, said in total it will cost about $20 million. He hopes a lot of that funding will come from a state grant and federal credits and that the site meets the requirements. “They want to be in close proximity, so people don’t have to drive so far to work for medical services, grocery shopping, access to the bus lines so that spot is ideal,” he said. [TREN

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