Affordable New Construction Homes Pensacola Florida

Dozens of West Florida HBA members and builders including ParsCo Construction, remodelers, associates, suppliers and other local organizations have contributed their time and resources to the project.

In June 2024, the City of Pensacola donated three properties to the Northwest Florida Community Land Trust — an initiative launched by Pensacola Habitat for Humanity. The mission was to create affordable homes that remain attainable not just today, but for generations to come.

The HBA of West Florida took the role leading role in a three-home development project two new builds and one rehabilitation made possible through the donations and volunteer efforts of HBA members.

The Community Land Trust (CLT) model allows the land to remain under nonprofit ownership while the homes are sold to qualifying buyers — those earning 120% or less of the area median income. If a homeowner chooses to sell, the same income eligibility rules will apply to the next buyer.

The City of Pensacola is also identifying additional lots in or near the urban core to donate to the land trust—ensuring affordable homes are built in high-opportunity areas.

Proceeds from the sale of these first homes will be reinvested into future affordable housing projects.

This project serves as an example to other cities and counties across the country that when local governments and builders work together, we can make homeownership more attainable for everyone and is a win-win for all involved.

This entry was posted in Uncategorized. Bookmark the permalink.