Submitted By: Charlita Whitehead
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Presentation By: Roberto Ellis
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Department: Growth Management
FORMAL TITLE:
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West Ocala Community Redevelopment Area Residential Property Improvement Grant for property located at 628 NW Second Street, in an amount not to exceed $20,000
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BACKGROUND:
One of the statutory functions of a Community Redevelopment Agency (CRA) is to undertake activities that facilitate the redevelopment and improvement of properties. Incentive programs encouraging private investment in properties have proven successful in carrying out this redevelopment function.
The CRA residential grant programs encourage homeowners to make improvements that enhance the CRA, increase safety, and reverse deteriorating trends in specific neighborhoods. Preserving and expanding the supply of appropriately maintained housing is crucial in improving affordability while reducing conditions of blight.
Each property owner can submit one application per fiscal year. The maximum grant that can be awarded is $20,000, covering up to 75 percent of the project costs. Refer to the grant framework attached for a list of eligible improvements.
Grant ID: CRA25-0030
Applicant: D & S Development LLC/ Dwan Thomas
Address: 628 NW Second Street
Parcel ID: 2856-006-013
Project Description: The applicant proposes construction of a new single-family residence of approximately 1,200 square feet with three bedrooms, two bathrooms, and a one-car garage.
Total Project Cost: $136,000
Recommended Grant Amount: $20,000
FINDINGS AND CONCLUSIONS:
* A residential home was demolished on the property in 2012 (BLD11-1662).
* The project consists of a new 1,200 square-foot, three-bedroom, two-bathroom home with a one-car garage, living room, and dining area. The home is expected to be listed for sale at $230,000.
* Because this is new construction, with estimated project costs exceeding the minimum required to obtain the maximum grant, the applicant does not requ...
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