Operation Home Address by FHE, Inc. is a business model that aims to address the affordable housing crisis in the northwest panhandle region of Florida. The business model focuses on the development, acquisition, renovation, and operation of permanent affordable supportive housing (PASH) for low-income and homeless individuals and families. The mission of the business is to empower others through affordable housing, and it aims to achieve this by providing shelter, security, support, stability, and sustainability for its tenants.
The PASH model differs from traditional housing options in that it is specifically designed to be affordable, stable, and supportive for its tenants. Rents are based on the area median income (AMI) and are affordable for individuals at or below 80% of AMI. The model also includes supportive services such as physical and behavioral health care, elder care, veteran care, and career development and educational support.
FHE, Inc. plans to fund its projects through a combination of grants and other funding sources. The company will seek funding opportunities at the local, regional, and national levels and will work
Mission OYO I-10 West, an initiative by Operation Home Address, is a hotel-to-permanent housing conversion initiative aimed at addressing the shortage of affordable housing in the northwest panhandle region of Florida. The project proposes to renovate the existing OYO Hotel at 6911 Pensacola Boulevard into an affordable housing solution.
The target demographic for this project includes low-income and homeless individuals and families, including those who work in industries such as hospitality, health, medical, and law enforcement. It also seeks to cater to seniors, individuals with physical and behavioral health issues, those successfully exiting incarceration, veterans, youths aging out of the foster care system, and active-duty military personnel.
The project is a response to the significant deficit of affordable housing units in Escambia and Santa Rosa counties, which were reported to have a combined deficit of 7,891 affordable housing units for households at or below 50% of the area median income, as per the 2022 Rental Market Study by the Shimberg Center for Housing Studies.
Additionally, the 2023 annual point-in-time count for the Pensacola metropolitan statistical area (MSA) revealed that there were 438 sheltered and 742 unsheltered individuals, totaling 1,080 community members who were unable to afford housing.
Through the conversion of the OYO Hotel into permanent housing, Mission OYO I-10 West aims to provide a sustainable and supportive housing solution for individuals and families in need, ultimately contributing to the alleviation of the affordable housing crisis in the region.
