DEPARTMENT MAKING REQUEST
Human Services
Title
title
Peace River Community Housing Partners, Inc. Charlotte Housing Opportunities Made Easier Fee Subsidy Award and Land Use Restriction Agreement Amendment - 6296 Scott Street
end
REQUESTED MOTION/ACTION
recommendation
Recommended Action:
a) Adopt Resolution further amending the Land Use Restriction Agreement (LURA) to extend the deadline for performance until March 31, 2026 and to incorporate Charlotte HOME Program requirements; and
b) Approve the recommended increase to the Affordable Housing Trust Fund encumbrance for 6296 Scott St. fee subsidies from $17,049.00 to $58,928.73 (with contingencies); and
c) Approve the additional award of up to $150,000.00 for sewer extension to the parcel; and
d) Authorize the Chairman to sign the Resolution.
end
budget
Budgeted Action:
No action needed. A Budget Adjustment to the Affordable Housing Trust Fund will be brought to the Board when incentives are awarded.
end
BACKGROUND (Why is this Action Necessary, and What Action will be accomplished)
body
Background:
Peace River Community Housing Partners, Inc. (PORCH) was conveyed the vacant parcel at 6296 Scott St. Punta Gorda through the Charlotte Housing Opportunities Made Easier (HOME) Disposition of County Surplus Property process on September 29, 2020. The conveyance was made subject to a Land Use Restriction Agreement ("LURA") which incorporated a 36-month deadline for Developer performance. This deadline was extended to March 9,2025, via Amendment #1 executed on September 19, 2023, due to impacts from Hurricane Ian. Since the execution of Amendment #1, land use considerations and impacts from Hurricanes Milton and Helene have further delayed development of the property. PORCH is requesting a 2nd extension until March 31, 2026 to allow for performance.
Under development is a triplex rental, reserved for households with income at or below 30% AMI with preference for veterans.
In January 2022, PORCH ...
Click here for full text