Victoria Place Redevelopment Area Paradise Park Downtown Commercial Corridor Professional / Medical Office School Government Offices HOUSING RESOURCE CENER

Multi-Use Trail (existing)

During the initial meetings, it was decided that there are likely many areas throughout Thomasville that could benefit from redevelopment activities. However, because of practicality and feasibility, it was decided that the group should focus its efforts on identifying and improving an area in need that was closest to the City’s urban core and downtown district in an effort to continue to establish vibrant, mixed-income, mixed-use, walkable neighborhoods that would add to the vibrancy of the urban core. Visual surveys of the city by the City of Thomasville Planning Department and concerned citizens identified the neighborhood surrounding Victoria Place was both in need of redevelopment and, once redevelopment was completed, would accomplish the identified goals. Redevelopment Planning Process

SITE LOCATION

Multi-Use Trail (proposed)

Reconnecting The City & Creating Opportunity Victoria Place Redevelopment Area Housing Resource Center

VICTORIA PLACE REDEVELOPMENT AREA Lot Layout & Street Configuration (existing)

VICTORIA PLACE REDEVELOPMENT AREA Lot Layout & Configuration (proposed)

Provide information and refer homeowners to available rehab/repair*, weatherization, & accessibility programs and resources. Revitalize at risk low income neighborhoods. Implement URA/RAS plans and projects**. PUD: MAXIMIZING FUNDS FOR REDEVELOPMENT Parks, Population Density, Infrastructure & Developable Lands

A Non-profit “One Stop Shop”

Affordability Current Housing Market & Industry Wages Place# of Homes for Sale Avg. List Price ($) Median List Price ($) Monthly Cost 6%) City200231,887191,5001, County251268,205180,9501, IndustrySalary ($)Affordability Point ($) Home Price ($) Manufacturing30, ,000 Retail Trade23, ,000 Healthcare31, ,000 Public Admin42, , ,000 Education39, ,000

Model Home Collection * 25 Different House Types * Pre-Approved for Construction * Affordability Rehabilitation * $200,000Revitalization Area Strategy * $215,000 CDBG Increase homeownership rates in targeted low income neighborhoods in the City of Thomasville**; enable low to moderate income residents to purchase a home; facilitate low income individuals to stabilize their housing status through learning better financial management skills. Facilitate and encourage use of IDA/savings accounts. Improve neighborhood appearance and reduce property maintenance violations. Thomasville / Thomas County Land Bank Authority * Property Acquisition

411 South Street – Plan # 22 (option a) Appraised Land Value $7,500 Estimated Retail $122,640 Estimated Closing Costs $3,700 Total Cost $133,840 Shared Land Equity (initial value) $ 7,500 GA Dream Down Payment Assistance $ 7,500 Buyer Contribution $ 1,000 First Mortgage (30 5%) $117,840 First Mortgage (PITI) approximately $782 month 1533 square feet heated

Resource Center Service Strategy Establish a location whereby citizens can find comprehensive resources and appropriate referrals to help in finding safe & affordable housing. Non-profit agencies such as RMI, Safe Haven, Habitat, Hands on Thomas County, Red Cross & others will lease office space. Database of available listings (residential & commercial) Planned Improvements for particular neighborhoods Historic sites Parks & Amenities

BridgE The Imagination Gap

City of Thomasville Planning Office Lee Chastain – City Planner Charlotte Christian – Housing Administrator