1. In-Fill Housing Project Phase II Status Report 1

2. Overview  Progress of the development of single family units by each developer  Sales approach for housing units  Recommendations going forward 2

3. Project Summary  RFP for development of single family homes in 11 CRA owned lots was issued on Sept. 19, 2014.  RFP was awarded on Nov. 17, 2014 to: 1. Broward Alliance Neighborhood Development (BAND) 2. Emerald Construction Corp. 3. Stuart & Shelby Development, Inc. 4. Total Solutions, Inc.  Negotiations and award were based primarily on:  Cost per SF  Quality of Construction  Community Benefit Plan  Each developer was assigned either two or three lots for development. 3

4. Location of Units 4

5. Original Projected Completion Date for Construction (provided by developers) Developer NameEstimated Completion Date BANDOctober 2015 Emerald Construction Corp.September 2015 Stuart & Shelby Development, Inc.September 2015 Total Solutions, Inc.Pending 5 5

6. Status of Construction Broward Alliance Neighborhood Development (BAND) Principal: Bonnye E. Deese  January 6, 2015:DA provided to developer.  April 8, 2015: Contract Executed after Negotiations  May 21, 2015: Minor Development Applications submitted  August 17, 2015: Building Permit applications submitted  September 30, 2015: Deadline to obtain Building Permits  Lots assigned: 1. 822 NW 3 Terrace (3 Beds/2 Baths -1,415 SF) 2. 811 NW 3 Terrace (3 Beds/2 Baths – 1,717 SF) Update by Developer: Construction start date? Completion date? 6

7. Status of Construction Emerald Construction Corp. Principal: Ramiro Gamez  January 6, 2015: DA provided to developer.  February 24, 2015: Date Contract Executed after Negotiations.  April 9, 2015: Minor Development Applications submitted.  June 10, 2015: Construction permits applications submitted.  September 11, 2015: Deadline to obtain building permits.  Lots assigned: 1. 300 NW 7 Court 2. 809 NW 4 Avenue 3. 803-805 NW 5 Avenue All units are 3 Beds /2 Baths – 1,700 SF Update by Developer: Construction start date? Completion date? 7

8. Status of Construction Stuart & Shelby Development, Inc. Principal: Chuck Halberg  January 6, 2015: DA provided to developer.  February 24, 2015: Date Contract Executed after Negotiations  April 7, 2015: Minor Development Applications submitted.  May 22, 2015: Construction permit applications submitted.  Construction in progress and units will be completed by the end of Sept. 2015.  CBP commitment and performance Update by Developer: Construction completion date? 8 745 NW 5 Ct – 4 Beds / 2 Baths – 1,764 SF 509 NW 6 St.– 3 Beds / 2 Baths – 1,500 SF 513 NW 6 St.– 3 Beds / 2 Baths – 1,534 SF

9. CBP Commitment & Performance 9

10. Status of Construction Total Solutions, Inc. Principal: Ryan Dobson  January 6, 2015: DA provided to developer.  Developer was initially awarded 3 lots for development. DA requires a performance bond to cover the construction of all units.  June 25, 2015: Developer was able to provide performance bond for only one lot on, and requested to modify award to only one lot.  June 25, 2015: Date Contract Executed After Negotiations  August 31, 2015: Deadline of to submit Minor Development Applications.  Minor Development Applications were not submitted by the set deadline.  No additional activity.  Lots originally awarded: 1. 804-806 NW 4 Terrace 2. 817 NW 4 Terrace 3. 811 NW 4 Terrace  Lot under contract: 1. 804-806 NW 4 Terrace (3 beds / 2 Baths – 1,564 SF Update by Developer: Submission of Minor Development Applications? Submission of Permit Applications? Construction start date? Completion date? 10

11. Sale of Completed Units  On July 14, 2015 CRA formally notified (letter) all individuals that indicated interest in the new houses.  Letters sent advised that applications were being accepted and provided instructions for the process.  CRA has received 9 applications for purchase of the units (4 of these applications have come through Housing Foundation of America)(4 are Hallandale Beach Residents). The mortgage preapproval for these buyers range between $100,000 and $133,800. 11

12.  A realtor will be selected during the October Board meeting to assist with the sale of the units.  Appraisal of units will be completed when construction is finalized and CO is issued to determine the final purchase price of the units. 12 Sale of Completed Units

13. Recommendations  Reassign 804, 811 & 817 NW 4 Terrace to Stuart & Shelby Construction based on deadlines missed by Total Solutions, Inc.  Continue to monitor deadlines given to Emerald Construction & BAND, and consider terminating DA’s for non-performance (assigned lots would be re- assigned as well)  Continue to evaluate CBP performance to ensure compliance with committed amount  Evaluate applicant files for completeness, perform appraisals on completed housing units, and set purchase price 13