Submitted By: Edwin R. Carreras Rivera
presenter
Presentation By: Roberto Ellis
end
Department: Growth Management
FORMAL TITLE:
title
East Ocala Community Redevelopment Area Residential Property Improvement Grant for the property located at 925 NE Fifth Street in an amount not to exceed $13,712
end
OCALA'S RELEVANT STRATEGIC GOALS:
Quality of Place
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
Program Objective: The East Ocala Community Redevelopment Area (CRA) Residential Property Improvement Grant is designed to incentivize reinvestment in aging structures, address blight conditions, and enhance livability and taxable value. Funding is provided through the CRA trust fund consistent with the adopted CRA Plan and Florida Statutes (Chapter 163, Part III).
Property Information: This property is a single-family residence built in 1938. It has a taxable value of $170,058, a structure size of 1,544 square feet, and sits on a 0.44-acre lot. The home includes three bedrooms and two bathrooms. The owners acquired the home in January 2023 and have completed some improvements independently. Property taxes are current and fully paid.
Project Summary:
Grant ID: CRA26-0036
Applicant: Shannon Lugo
Address: 925 NE Fifth Street, Ocala, FL 34470
Parcel ID: 2831-072-000
Scope of Work: The proposed project involves replacing 23 exterior windows at the primary residence.
High Quote: $32,835
Low Quote: $18,282
Recommended Grant Amount: Not to exceed $13,712
Maximum Grant Amount: $20,000 allowed by the grant program, covering up to 75 percent of project costs. The attached grant framework outlines the elements of eligible work.
FINDINGS AND CONCLUSIONS:
Eligibility Review: Staff verified the property's location within the CRA, compliance with the program guide, and confirmed that work will begin after approval. The scope addresses conditions of slum and blight in an area with a high share of aging housing stock and substandard structures, improving liva...
Click here for full text