Neighborhood Renaissance Receives a $500,000 Project Reinvest Grant for the West Village Art Lofts in Lake Worth

Neighborhood Renaissance Receives a $500,000 Project Reinvest Grant for the West Village Art Lofts in Lake Worth

Lake Worth — Neighborhood Renaissance, Inc.  announced at its recent groundbreaking ceremony for the West Village Art Lofts the receipt of a $500,000 grant award from NeighborWorks America through Project Reinvest: Neighborhoods.  The West Village Art Lofts is a mixed-use residential and commercial development that includes 8 three-story live/work artist townhomes and 2,000 sq. ft. of much needed “Class A” commercial space. Designed to attract arts related businesses and amenities, the new commercial building as well as street level artist work space will add to the vibrancy of the West Village commercial area through small business development.

Lake Worth’s Art Lofts of West Village, is the second phase of live-work residences specifically for low and moderate-income working artists and has been made possible by funding from the Lake Worth Community Redevelopment Agency’s Neighborhood Stabilization Program 2 and the donation of distressed land. Project Reinvest grant funds will be used to construct the commercial building.  Neighborhood Renaissance was one of 55 nonprofit organizations across the country to receive this neighborhood stabilization grant award through a highly competitive process.

About Neighborhood Renaissance

Neighborhood Renaissance, a proven nonprofit community based organization for 25 years, is dedicated to building and supporting strong economies and diverse communities in Palm Beach County. We work in partnership with residents, local government, businesses and lending institutions to reclaim troubled properties and improve neighborhoods. Our efforts helped over 135 low and moderate-income families to become first-time homeowners and we built or substantially rehabilitated over 158 affordable homes. In the past 5 years our efforts targeted nearly $24.5 million of reinvestment into low-income communities.