Company LOGO Hallandale Beach Community Redevelopment Agency Additional Lots for the In-Fill Housing Project.

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Presentation transcript:

Company LOGO Hallandale Beach Community Redevelopment Agency Additional Lots for the In-Fill Housing Project

Company LOGO Background  In March 2013 the HBCRA issued RFP #FY CRA3 for Pre- Qualification of Firms for Affordable Housing to build new single family housing units in lots owned by the HBCRA located in the northwest area of the City. This RFP contained 12 vacant lots suitable for development of single family homes.  On May 2013, the CRA Board of Directors approved the award of contract to two developers for the following 12 lots: AddressFolio Number Foster Road Foster Road Foster Road NW 5 Court NW 6 Street NW 3 Terrace NW 4 Terrace NW 4 Terrace NW 5 Avenue NW 6 Street NW 5 Avenue NW 10 Street

Company LOGO Additional Lots Identified  Staff has identified the following additional lots that are suitable for building single family homes: *Recommendation: To join two lots for one single family dwelling. If above recommendation is approved, there will be additional five (5) new homes built under the In-Fill Housing Project. Property AddressFolio Number Land Size (SF) ZoningCurrent Owner Future Owner A 745 NW 5 Court ,240RS-7City of Hallandale BeachHBCRA B 509 NW 6 Street ,000RD-12Jackson, EddieHBCRA C 513 NW 6 Street ,000RD-12Jackson, EddieHBCRA D 300 NW 7 Court ,847RS-7City of Hallandale BeachHBCRA E *NW 4 Avenue ,941RS-7City of Hallandale BeachHBCRA F *NW 4 Avenue ,970RS-7HBCRA-

Company LOGO Additional Lots Identified

Company LOGO Analysis A. 745 NW 5 Court: There was a single family home on this lot, which was boarded up and not in good condition. The property was demolished in January The City has conveyed this property to the HBCRA and the CRA Board has accepted it during the Board meeting of January 13, 2014 (Resolution No ). Before After

Company LOGO Analysis B.509 NW 6 Street C.513 NW 6 Street The CRA Board of Directors has approved the purchase of these properties (Resolution No ). Purchase price for both units is $156,000. CRA Staff is in the process of signing the sales/purchase agreement. There is a duplex in each location that will be demolished and land will be ready for development.

Company LOGO Analysis D. 300 NW 7 Court: This lot was conveyed by Broward County with the condition that it will be used for affordable housing.

Company LOGO Analysis E. NW 4 Avenue (Folio No ) F. NW 4 Avenue (Folio No ) Both lots were conveyed by Broward County. Staff recommends to join both lots to develop one single family dwelling unit.

Company LOGO Summary The grand total of homes to be developed is 17 The grand total of homes to be developed is 17 Additional 5 homes to be built. Additional 5 homes to be built.

Company LOGO RFP Performance Bond: a. Developer may opt to provide bonding on individual lot b. May be waived using local vendor criteria Performance Bond: a. Developer may opt to provide bonding on individual lot b. May be waived using local vendor criteria Contractors will be able to bid for the construction of one or multiple properties. Contractors will be able to bid for the construction of one or multiple properties. Commitment to Community Benefit Plan at the time of the RFP. Commitment to Community Benefit Plan at the time of the RFP. Changes to RFP Based on Board Concerns. RFP is expected to be issued in mid March 2014.

Company LOGO Questions?