Title
Affordable Housing Updates (NB)
Explanation
Staff will provide periodic updates of the status of affordable housing projects and initiatives.
Affordable Housing Property Donation Pilot Program
On November 16, 2020, the City issued a Request for Proposal (RFP) with the intent to select a nonprofit affordable housing developer to receive a donation of twelve (12) City owned lots and develop those lots with affordable owner-occupied homes for income eligible households. On March 4, 2021, the City Commission will consider authorizing staff to negotiate an agreement with the preferred respondent.
Generally, the lots are located in the Duval Heights Area of Northeast Gainesville, along NE 9th Avenue, near NE 16th Terrace and NE 17th Street. The RFP require the nonprofit organization to sell the homes and move the households in, within two (2) years of receiving the lots.
As part of this project, the City will install a new road, which will allow convenient access to several of the lots, but will reduce the number of lots that can be developed to ten or eleven. In addition to donating the lots and constructing the road for no cost to the nonprofit organization, the City is reserving funding that will be structured as a developer/home buyer subsidy to ensure that the lots will be affordable to income eligible first-time homebuyers.
Woodland Park, Phase 2
On October 22, 2020, the City Commission voted to accept the AHAC recommendation and approve using ConnectFree revenue to fund a $460,000 loan for this project. The loan would allow the developers of this project (Gainesville Housing Authority and their partners) to apply for 9% Low Income Housing Tax Credits (LIHTC) administered by the State. The process of awarding 9% LIHTC is competitive and ultimately was decided by a lottery. As a result, this project was not chosen by the State to received LIHTC funding. However, the developers may apply in upcoming funding cycles.
Deer Creek Senior Housing
On Novemb...
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