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New Opportunities In Public Housing 1 Amoroso


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New Opportunities In Public Housing 1 Amoroso

  1. 1. The Encore Master Development Project Tampa, FL Leroy Moore, Tampa Housing Authority Roxanne Amoroso, Banc of America Community Development Corporation
  2. 2. <ul><li>The Encore is an urban renewal development project that has been in the making for more than three years. It is a public/private partnership to redevelop a blighted area of downtown Tampa, creating jobs, affordable housing, in a green initiative. </li></ul>The Encore The redevelopment of Central Park Village
  3. 3. The Encore The redevelopment of Central Park Village <ul><li>This public/private partnership is with the City of Tampa, Tampa Housing Authority and Banc of America Community Development Corporation. When completed, it will have created $425 million dollars in new development . </li></ul>
  4. 4. Aerial View
  5. 5. Project Benefits to Tampa <ul><li>Directly addresses affordable housing needs </li></ul><ul><li>Creates substantial permanent jobs - 4,103 total construction jobs supporting 8,784 total jobs in the local economy over the 2009-2011 build-out period </li></ul><ul><li>955 permanent jobs supporting 1,374 total jobs in the local economy post-construction </li></ul>
  6. 6. Project Benefits to Tampa <ul><li>Embraces a project with a green initiative committed to LEED certified development </li></ul><ul><li>Stimulates business opportunities in an African American neighborhood that is blighted </li></ul><ul><li>Directly supports education, tourism, affordable housing and brings needed services such as a grocery store to the area. </li></ul>
  7. 7. Overall New Lot Layout
  8. 8. Project Status <ul><li>Infrastructure – construction plans in for permitting with City of Tampa, SWFWMD, and FDOT. </li></ul><ul><li>Water/Sewer Permit application 45 days </li></ul><ul><li>Infrastructure construction commence – upon receipt of funding (federal and state) </li></ul><ul><li>Financing applications first 3 residential developments February 2009, Spring 2009, Fall 2009 </li></ul><ul><li>Break Ground first development 2010 </li></ul>
  9. 9. It includes the redevelopment of Perry Harvey Park
  10. 10. It creates a Town Center Plaza – A Walk able Community
  11. 11. Town Center – Retail, office and Hotel and Housing
  12. 12. It includes a grocery store site
  13. 13. Time Lines For Development <ul><li>Infrastructure construction can commence immediately – 12 – 14 months to complete </li></ul><ul><li>1 st Vertical Development (Trio) 143 apartments, 3 buildings commence fall of 2009/beginning of 2010 – complete 12 months </li></ul><ul><li>2 nd vertical Development (The Ella) 160 apartments, 1 building w/garage senior commence 2010 - complete 18 months </li></ul><ul><li>3 rd vertical development (The Tempo) 146 family units, 1 building w/garage commence - complete 18 months. </li></ul>
  14. 14. The Trio – Lot 7 143 apartments