With New Move-Ins, Lennar Becomes First-Ever Homebuilder to Make Workforce Housing a Reality for Families in Palm Beach County
Lennar, the nation's #1 homebuilder, is proud to be the first homebuilder in Palm Beach County that has ever closed on workforce housing homes - to the benefit of qualifying local families and individuals. Specifically, new homeowners will be moving in to Lennar's townhomes at Silverwood Estates in Lake Worth and Cambria Parc in Boynton Beach thanks to the company's focus on making related homeownership a reality.
PALM BEACH GARDENS, Fla., Jan. 15, 2019 /PRNewswire-PRWeb/ -- Top South Florida homebuilder Lennar announced today that new families are moving in to the townhomes at beautiful Silverwood Estates in Lake Worth and Cambria Parc in Boynton Beach - marking the first time ever any homebuilder in Palm Beach County has closed on workforce housing in Palm Beach County. This major milestone was reached through Lennar's participation in Palm Beach County's Workforce Housing Program. The partnership helps make the dream of quality homeownership a reality for qualifying families and individuals, including firefighters, police officers and other vital community workers.
Workforce Housing Program homes in Palm Beach County are available to families and individuals with incomes from 60 to 140 percent of area median income - ranging from $40,740 to $95,060 annually. This includes police officers who earn an average annual income of $72,110, followed by firefighters at $67,350, registered nurses at $66,520, and high school teachers at $54,700, based on local data from the U.S. Bureau of Labor Statistics.
"Lennar's unparalleled commitment to workforce housing is critical to the residents of Palm Beach County and the entire region, in particular, by enabling vital workers and emergency responders to realize homeownership in the communities they serve," said Mack Bernard, Palm Beach County Mayor. "This investment by Lennar also contributes significantly to the economy through job creation, growing local businesses, and by helping spark additional development."
"These new move-ins are a landmark moment for the families, Lennar and Palm Beach County as we officially make the dream of quality new homeownership a reality through workforce housing," said Dan Grosswald, Lennar Palm Atlantic Division President. "The exponential growth in the need for, and interest in, quality workforce housing has led to our focus on related homeownership for families and individuals, including key community workers such as police officers and teachers."
In addition to Silverwood Estates and Cambria Parc, Lennar offers workforce housing to qualifying homeowners at other sought-after Palm Beach County locations, including the gorgeous resort-style Gulfstream Preserve community. Residents in all of these communities have exclusive access to the renowned amenities that Lennar offers, including community parks with trails and gazebos, swimming pools with sundecks and cabanas, tot lots and more.
Those interested should call (888) 208-7454, or visit the communities' Welcome Home Centers, to discuss the program with a Lennar New Home Consultant and to fill out an application to see if they qualify. Additional information is available at: http://bit.ly/WorkforceHousing.
To learn more about Lennar Palm Atlantic's communities, please visit: http://www.lennarpalmatlantic.com.
About Lennar
Lennar Corporation, founded in 1954, is one of the nation's largest builders of quality homes for all generations. The Company builds affordable, move-up and retirement homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of the Company's homes and others. Lennar's Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about the Company may be obtained at the "Investor Relations" section of the Company's website, http://www.lennar.com.
SOURCE Lennar Corporation
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