HomeMy WebLinkAboutCRA-R-06-0045 Cover MemoSEOPW & Omni Board of Commissioners Meeting
October 30, 2006
Item # 9
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: October 20, 2006 File: 06-01953
and Members of the CRA Board
Subject: Direction to Budget $30,000,000 Over the
Next Five Years for Low Income,
Affordable, and Workforce Housing.
From: James H. Viliacorta9�' References:
Executive Director '
Enclosures: Supporting Documentation;
Legislation
RECOMMENDATION:
It is recommended that the Board of Commissioners for the Southeast Overtown/Park West Community
Redevelopment Agency approve and adopt the attached Resolution directing the Executive Director to budget
$30,000,000 over the next five years for low income, affordable, and workforce housing to be built in the
Redevelopment Area, with particular focus on providing housing in and around the Historic Overtown Folklife
Village District.
JUSTIFICATION:
The establishment of a historic district such as the Overtown Folklife Village District was included as an element
of the CRA's Redevelopment Plan. (See pages 96-97, Section IV, paragraph M.2, of the 1982 Southeast
Overtown/Park West Redevelopment Plan). Additionally, "replac[ing] dilapidated housing" and "remov[ing] slum
and blighted conditions" are stated objectives of the Redevelopment Plan. (See Page 13, Section III, paragraph
B of the 1982 Southeast Overtown/Park West Redevelopment Plan). The direction contained in this resolution
reflects the will of the Board of Commissioners to make the provision of additional housing opportunities in and
around the Folklife Village District a priority in budgeting and planning for future CRA activity.
FUNDING SOURCE: No fiscal impact in the current budget year.
JHVleh
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