Submitted By: Roberto Ellis
presenter
Presentation By: James Haynes
end
Department: Community Development Services
FORMAL TITLE:
title
Affordable Housing Incentive Fund disbursement to Robin Rose Construction, LLC for the construction of a new single-family affordable housing unit, in an amount not to exceed $15,697
end
OCALA’S RELEVANT STRATEGIC GOALS:
Quality of Place
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
The City encourages new construction and rehabilitation of affordable housing by offering a housing incentive fund to offset development charges. These benefits are intended to promote affordable housing while maintaining quality construction and site design.
Per Section 106-105 (e), City of Ocala, Code of Ordinances, housing incentive fund distributions shall not exceed $20,000 per affordable housing unit across all eligible fees and stages of development and will be distributed after an application for funds is reviewed and approved.
Staff is proposing the reimbursement of development fees tied to the construction of a new single-family residential dwelling unit on vacant property.
Application Summary
Applicant: Robin Rose Construction, LLC
Application ID: AHA26-0001
Project Description: Construction of a 3-bedroom, 2-bath home with 1,312 sq ft of living space and an additional 184 sq ft front porch entry.
Parcel ID: 2845-055-015
Fee Estimate: $15,697
FINDINGS AND CONCLUSIONS:
The City will place a lien on the property at the time of housing incentive fund distribution to ensure that the unit remains with a low-to-moderate income household for at least ten years after issuance of a certificate of occupancy.
The Internal Review Board supports the proposed project, recognizing the immediate need for housing solutions in Ocala. The Applicant is required to sell or rent the home to a low-to- moderate-income family when completed.
The AHIF will reimburse the associated permits and fees listed on the attached table.
Staff recommends approval. Please refer to the attached application packet.
FISCAL IMPACT:
Funding in the amount of $15,697 is available in the Affordable Housing Incentive Fund account (112-016-064-554-55-82010). The payment will be made in the fiscal year when the project is completed. The proposed development is expected to increase the taxable value of the property.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
• Approve
• Approve with Changes
• Table
• Deny