Housing help: $4 million boost for those who need affordable homes in Martin, Palm Beach counties
Monday, September 28th, 2009 by TCPalm.comThose who need affordable housing just got an early, if indirect, Christmas gift — $4 million of new loan money that will be made available to housing providers by the Community Foundation for Palm Beach and Martin Counties.
The foundation announced the initiative at the Florida Housing Coalition’s statewide affordable housing conference in Orlando earlier this week. Utilizing a grant from the John D. and Catherine T. MacArthur Foundation, the Community Foundation made the $4 million low-interest loan to the Florida Community Loan Fund, which will invest it in a new $25 million Affordable Housing Preservation Loan Pool Demonstration Program. Other affordable rental housing projects in Martin and Palm Beach counties also will be supported.
Local non-profit leaders hailed the program but said they would need more information before they apply for the money.
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Treasure Coast business: Forced to evict struggling Twin Vee, ex-owner mulls return to boat craft
Monday, January 26th, 2009 by Post StaffBy EVE SAMPLES
Behind on its bills, boat-maker Twin Vee has been kicked out of its Fort Pierce headquarters, and the company’s ex-owner is mulling a return to the boat-building business.
Roger Dunshee, who founded Twin Vee in the mid-1980s and still owns the building where the company was operating, got a court order Jan. 12 to evict his former company. The firm, which made power catamarans, owed about $150,000 in rent and taxes, Dunshee said.
Dunshee sold most of his stake in Twin Vee five years ago to Stonehenge Capital Company LLC in Tampa. At the time, the boat-maker employed about 100 workers.
Dunshee put the 80,000-square-foot building at U.S. 1 and Edwards Road on the market last week. He wants to lease the building for $4 a square foot, but selling the 7.3-acre property also is an option. He’s asking $4 million.
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