Title
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Charlotte HOME Award Recommendation - Blue Deep Creek
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recommendation
Human Services
a) Approve the application and award incentives and fee subsidies as recommended; or
b) Approve the application and award incentives and fee subsidies with modifications to the recommendation; or
c) Deny the application; and
d) If approved, authorize the County Administrator, or his designee, to approve and execute a Land Use Restriction Agreement (LURA) outlining the terms of affordability and compliance.
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Budgeted Action:
No action needed.
Background:
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Charlotte HOME (Housing Opportunities Made Easier), an incentive program for affordable housing developers, was adopted by the Board of County Commissioners (BCC) to reduce barriers and attract developers of affordable housing to Charlotte County. Available incentives include (but are not limited to): expedited permitting; impact fee waiver; land donation; density; utility connection and other fee subsidies; etc.
Blue Sky Communities, LLC requests incentives and subsidies for the development of Blue Deep Creek, a 70-unit affordable housing project for persons with income at or below 80% AMI (unit mix of 30%/60%/80% AMI), to be located on Luther Rd. in unincorporated Charlotte County. This request is in conjunction with the Florida Housing Finance Corporation (FHFC) RFA 2023-201 9% tax credit application. Blue Sky Communities, LLC was also awarded local preference for local government contribution in the amount of $340,000 toward their FHFC application through the 2023 Local Government Area of Opportunity (LGAO) RFA process on 09.12.2023 and are being considered for a $400,000 SHIP loan.
The Charlotte HOME Review Committee reviewed and scored the application at a publicly noticed open meeting on 07.10.2024. The applicant received a cumulative score of 118, qualifying them for incentives and subsidies as follows: expedited permitting; impact fee waiver ($297,640); and utility/permit/environ...
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