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HomeMy WebLinkAbout8877 Submittal-Cornelius Shiver-PresentationSubmitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Southeast Overtown Park West CRA The Town Park Rehabilitation Projects Progress Update — April 15, 2021 S g77-5 olm-I-ta(- rnelzvs ver- PYeM�� e Timeline of Project Category Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board SEOPW CRA's Housing Development Report Project Name Description Project Status Units Encumbered Tax Increment 2014 Bond Series Remarks 1 2008 Affordable Housing 1201 N.W. 2nd Avenue Rehabilitation of residential rental units. Complete 9 ^• $165,000 r• 2 2008 Affordable HOUsing 149 N.W. 11th Street Rehabilitation of residential rental units. Complete 24 5475,000 3 2009 Affordable Housing 1232 N.W. 1st Place Rehabilitation of residential rental units. Complete 33 $620,000 4 2008 Affordable Housing 160 N.W. 11th Terrace Rehabilitation of residential rental units. Complete 6 5187,500 5 2008 Affordable Housing 220-250 N.W. 13th Street and 1300 N.W. 2nd Avenue Rehabilitation of residential rental units. Complete 33 $520,000 6 2006- 2009 Affordable Housing Poinciana Village Grant to provide Infrastructural repairs for the complex located at 269 N.W. 7th Street Complete 64 5174,500 604 UNITS 7 2014 - 2015 Affordable Housing The Plaza at the Lyric Development Project Complete 158 $17,000,000 8 2014 - 2015 Affordable Housing Island Living Apartments Development Project Complete 70 $9,000,000 9 2020 Affordable Housing St. Johns Overtown Plaza Apartments Development Project Complete 90 $10,000,000 10 2015 Affordable Housing Courtside Apartments Development Project Complete 84 S7,500,000 11 2018 Affordable Housing 240 N.W. 17th Street & 210 N.W. 16th Street Renovate and Rehabilitate the multi -family buildings Complete 15 5850,000 12 2019 Affordable Housing 1767 NW 3rd Avenue Renovate and Rehabilitate the multi -family buildings Complete 18 5585.000 13 2015 to 2021 Affordable Housing Renovation of Town Park North Renovate and Rehabilitate the multi -family buildings In Progress 169 $22,533,333 Additional funding required to complete protect: 55million. 14 2018 to 2021 Affordable Housing Renovation of Town Park South Renovate and Rehabilitate the multi -family buildings In Progress 116 $2.905,412 513.500,000 Expected completion: May 2021. Additional funding required to complete project: $660,938 15 2021 to 2023 Affordable Housing Renovation of Town Park Village Renovate and Rehabilitate the multi -family buildings in Progress 147 518,000,000 $570,000 16 2021 Affordable Housing 1900 NW 2nd CT New construction of twin -home (home ownership) In Progress 2 5750,000 17 2021 to 2022 Affordable Housing 244 NW 16 Street New construction of 4 units home ownership)In ( Progress1400 4 $1,600,000 UNITS 18 TBD Affordable Housing 1611 NW 3rd Avenue New construction 24 units with ground floor retail in Progress 24 $400,000 Funds allocated for design only - Estimated construction costs $8rnillion 19 2019 to 2021 Workforce & Aff. Housing Development of Block 46 / Poinciana Village Phase II Development Project In Progress 360 51.500,000 80 of 360 units - low income rentals. Expected completion June 2021 20 2021 to 2023 Affordable Housing Block 55 Development Private development through RFP - mixed use In Progress 578 SEOPW CRA contribution: Land sale-(518million) 21 TBD Affordable Housing Culmer Place, 580 NW Sth Avenue & Culmer Gardens, 610 NW 10th Street HUD Development Project In Planning 1120 TBD No. of units is total possible units by right - Estimated SEOPW CRA Contribution TBD 22 TBD Affordable Housing Rainbow Village, 2140 NW 3rd Avenue HUD Development Project In Planning 375 TBD No. of units is total possible units by right - Estimated SEOPW CRA Contribution TBD 2095 UNITS 23 TBD Workforce Housing Block 45 Development Private development through County RFP - mixed use In Planning 600 TBD Total Housing Units (completed, In progress, and planned) 4099 551,265,745 $57,570,000 Total Funds Allocated for Affordable Housing (2005-Present) $108,835,745 2 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board SEOPW CRA's Housing Development Report 8 a Frekct Category Project Name Description Project Status Units Encumbered Tax Increment Amount 2014 Bond Series Proceeds Remarks I From 2005 — Present • 604 Completed A Units Units (New DevelopmE • 1,400 Currently ii Rehabilitation Funl Towards Afforda Future Developmen 1 2008 Affordable Housing 1201 N.W. 2nd Avenue Rehabilitation of residential rental units. Complete 9 5165.000 604 UN�� 2 2008 Affordable Housing 349N.W.11thStreet Rehapiliutionolresidential rental units. Complete 24 $475.000 3 2009 Affordable Housing 123E N.W. 1st Place Rehabilitation of residential rental onos. Complete 33 $620.000 4 2008 Affordable Housing 160 N.W. Ilth Terrace Rehabilitation of residential rentalunfts. Complete 6 $187,500 5 2008 Affordable Housing 220•250N.W.33thStreet and 1300 N.W. 2. Avenue Rehabilitation o{residential rental units. Complete 33 $520,000 6 2006- 2009 Affordable Housing Poinciana Village Grant to provide infrastructure! re or the complex located at 269 N.W. 7th Street Complete 64 $174,500 7 2014 - 2015 Affordable Housing The Plaza at the lyric Development Project Complete 158 517,000,000 8 2014• 2015 Affordable Housing bland lMngApartments Development Project Com0lote 70 $9,000,000 9 2020 Affordable Housing St. Johns OvMown Plaza ApaCourtmMtf Development Project Complete 90 $10,000,000 10 2015 Affordable 0,dobi Housing COurtsidO ApartmenU Development Project Complete 84 57,500,0O0 11 2018 Affordable Housing 240 N.W. 17th Street & 210 N.W. loth Street Renovate and Rehabilitate the multidamily buildings Complete 15 $850,030 12 2019 Affordable Housing 1767 NW 3rd Avenue Renovate and Rehabilitate the multi -family buildings Complete 18 $585.000 33 2015 to 2021 Affordable dabl Housing Renovation of Park North p$108,835,745 Renovate and Rehabllltrtethe mult6famiN buildings In Progress 169 $22,533,333 Additlongl funding requited to complete project: $Smllllon. 14 2018to 2021 Affordable Housing Renovation of Town Park South Renovate and Rehabilitate the multi•familybuildings In Progress 116 $2,905,412 $13,500,000 Expected completion: May 2021.Additional funding required to complete project: $660,938 15 2021 to 2023 Affordable Housing Renovation of Town Park Village Renovate and Rehabilitate the multi -family buildings In Progress 147 $18,000,000 $570,000 16 2021 Affordable Housing 1900 NW2nd CT New construction of twin-home!home ownership) In Progress 2 $750,000 17 2021 to 2022 Albr0able Housing 244 NW 16 Street New construction ol4units (home ownership! In Progress 4 $1.600.000 C 1400 UNITS 18 TBD Affordable Housing 1611 NW 3rd Avenue New construction 24 units with ground floor retail In Progress 24 $400,000 Funds allocated for design only- Estimated construction costs 58million 19 2019 to 2021 Workforce & Aff. Housing Development of Block 46/ Poinciana Village Phase II Development Project In Progress 360 $1,500,000 80 of 360 units •low income rentals. Expected completion June 2021 • Anticipated conti 20 2021 to 2023 Affordable Housing Block SS Development Private development through RFP • mixed use In Progress 578 SEOPW CM contribution: Land sale 4S18e,I81on) 211 TBD 22 780 Affordable Housing Culmer Place, 580 NW 5th Avenue& Curtner Gardens. 610 NW 100 Street HUD Developmem PtOjM In Planning 1120 TBD No.olunitsistotalpossibleunlhbyright Estimated SEOPW CRA Contribution TBD Affordable Housing Rainbow Village, 2140 NW 3rd Avenue HUD Development Protect In Planning 375 TBD No.ol units is total possible units by right • Estimated cow CRAContribution 360 2095 UNITS 2,095 new 23 TO 1 I, Workforce Mousing Block 4$ Development Private development through County RFP•muted use In Plammng 600 780 '� public Total Haring Units (completed. In pro r s , ed planned) 4099 551,265.745 S57,520,000 Total Fuels Allocated for Affordable Housing (3005•Prosem) 0308,835,745� ffordable Housing nt & Rehabilitation) Development or �s Expended ble Housing t: �ibution towards housing units 3 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board 2018 SEOPW Updated Redevelopment Plan - Project Areas SEOPW CRA PROJECT AREAS QSEOPW CRA AREA A Pork WeSV Downtown B Overtown Cultural and Entertainment Diomet C Overlown Residents. Town Park. 5t Agnes & Rainbow Housing MI0 Histonc Ovenown 8us10ese Comeor E 0...town Culmer Community Sources Esn, HERE. DeLolme, internist, increment P 051j1' GEBCO, t/FC FAO NPS: NRCAN GeoBasO, tGN"'I<a0aelerNL Ornnenoe � rvey. E ri Jap6n METI. Esn Chan Honp Hong). ew951ep0. Matmylndga. !' OpanSlm¢tMap contributors. and Me GIS Usek Community 4 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Project Overview Town Park Plaza North • Condominium -169 Units • $22,533,033 CRA Allocation • 130 of 169 Units Complete Town Park Plaza South • HUD Co-op -116 Units • $16,405,412 CRA Allocation • Full Completion Expected in May 2021 Town Park Village No 1 • HUD Co-op -147 Units • $18,000,000 CRA Allocation • Project Commencement - March 2021 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Town Park Plaza North -Exterior View (Before) 6 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Town Park Plaza North -Interior View (Before) 7 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Town Park Plaza North - What We Are Doing ❑ Temporary Resident Relocation ❑ Site Improvements • Drainage System Repairs/Replacement • New Water & Sewer Lines Throughout • New Individual Water Metering • New Asphalt Parking & Drives • Sidewalk Improvements • Perimeter Fencing with Powered Gates • Landscaping • New Playground and Site Lighting ❑ New Metal Roofing ❑ Impact Resistant Windows and Doors ❑ Facade Improvements to Provide New Look ❑ Interior Gut Renovation • Asbestos Removal • New Electrical Wiring & Lighting • New Plumbing Lines and Fixtures • New Framing • New A/C Units, Ductwork, & Hot Water • New Drywall and Finishes 8 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Town Park Plaza North - Completed Units Town Park Plaza South ./- Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Exterior View (Before) 10 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Town Park Plaza South -Interior View (Before) 11 Town Park Plaza ❑ Temporary Resident Relocation ❑ Site Improvements • Drainage System Repairs/Replacement • Sewer Line Replacement as Needed New Asphalt Parking & Drives Sidewalk Improvements • Perimeter Fencing with Powered Gates • Landscaping • New Site Lighting ❑ New Flat Roofing ❑ Impact Resistant Windows and Doors ❑ Facade Improvements to Provide New Look ❑ Interior Gut Renovation • Asbestos Removal • New Electrical Wiring & Lighting • New Plumbing Lines and Fixtures • New Framing • New A/C Units, Ductwork, & Hot Water • New Drywall and Finishes Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board South - What We Are Doing 12 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Town Park Plaza South Completed Units 13 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Town Park Village -Exterior View (Before) 14 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Town Park Village -Interior View (Before) 15 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Town Park Village - What We Are Doing ❑ Temporary Relocation of Residents ❑ Site Improvements • Drainage System Repairs/Replacement New Water & Sewer Lines as Needed New Asphalt Parking & Drives Sidewalk Improvements Perimeter Fencing with Powered Gates • Landscaping New Site Lighting ❑ Reconstruction of Fire Damaged Building ❑ New Roofing ❑ Interior Gut Renovation • Asbestos Removal • New Electrical Wiring & Lighting • New Plumbing Lines and Fixtures • New Framing • New A/C Units, Ductwork, & Hot Water • New Drywall and Finishes 16 Submitted into the public record in connection with Item 1 on 04-15-2021 Todd B. Hannon Clerk of the Board Financial Summary -What's Needed to Complete Town Park Plaza North • Condominium -169 Units • $22,533,033 Previous CRA Allocation • 76% Complete • 130 of 169 Units Complete ii* Additional Funding Required to Complete Project: $5,000,000 Town Park Plaza South Additional FundingRequired to • HUD Co-op -116 Units q • $16,405,412 Previous CRA Allocation Complete Project: • 95% Complete $660,938 • Full Completion Expected in May 2021 17