HomeMy WebLinkAboutletter•Y . W h , t •
375035$ P.02
BAME Developfrnent Corporation
245 Northw.$t 81` Street
Miunl, Florida 33138
(305) 3794250 Fax (305)3754356
of South Florida, Inc.
Meiling Address:
P.O. Box 0154911
Miami, Florida 33101
March 13, 1996
Elbert Waters, Director
NET
300 Biscayne Blvd Way, Suite 300
Miami, FL 33131
Dear Mr. Waters:-•
GAME Development CoIrporation of South Florida, Inc. is a non-
profit 501c(3) CHDQ Organization providing affordable housing ;o
the City of Miami And specifically the Overtown Community.!
1
Since we were ablelto hire staff in September, 1996, the housing
development project located at NW 8" Street to NW 6th Stre t, NW
5" Avenue to NW 6t Avenue, consisting of 40 units of singe
family low to mode ate income family homes, has developed at a,. . ! i
rapid pace. The f llowing outlines where we are:
- Final site pl4n being developed I F
- Rezoning.platj- PUD - will be submitted within 45 days.
- Construction/Perm financing is in place from local lehdere.
Homeownershipltraining program begins March 5, 1996. !
- Request for AApraieals will be issued within 60 days.i
- Request for builder qualifications will be issued within 60
days and othe items required for development are on -going,
Our project is short one major ingrediet, GAP financing to!aesist
our low income families. By way of this Letter, we are asking,
that your staff prepare the necessary documents to create 1
legislation from the City Commissioners to set aside GAP
financing for this project in the amount of $800,000.00. t
Our preference would be to build -out 40 units at one time,,
however, if $800,000 is not available at one time, we would build
the project over tJo funding cycles.
,
We have designed t)e project to be phased/built in two pa4e if
necessary. If we have to build in two parts, we would require`
$400,000 for each phase, total $800,000.
i
We qualify to receive funds for CDBG, HOME or the SHIP Programs
and we are willing .to work with you as necessary. Your staff lies
s-!320
J. Whitt
TTeasaa r. ea'
BAME Developkt�nept Corporatjon
245 Northwedt 0'" Street
Wadi. narks 33136
(305) 3764260 Fit (306)375.0385
of South Florida, Inc.
Mailing Address:
P.O. Sat 015466 I
Miami, Florida 33101
been very helpful in our progress thus far.
partially funding Our administration and the
a predeveiopment loan.
Air
Your CDBG Program is
HOME has granted use
Overtown is long overdue for single family housing, but we need
your assistance. hould you require additional data, please
advise.
cc: Jeff Hepburn
t17
WV'
4, r
be,10%
Sincerely,
A%Rev.'John F. white, Pr.sident
���.• ..,"Tie
320