280 – 330 South Shore Drive (50 units projected)
On August 20, 2019, the HACMB’s Board of Commissioners selected the Housing Trust Group, LLC as a development partner for the HACMB’s North Beach properties.
On August 26, 2019, HACMB submitted a funding application to the Florida Housing Finance Corporation (FHFC) for the development of 22 units of workforce housing at 1144 Marseille Drive. The funding was made available by FHFC through the Community Development Block Grant – Disaster Recovery (CDBG-DR) Program. The city provided several affidavits in support of the Housing Authority’s application. The HACMB’s application was not selected for funding by the FHFC.
On September 24, 2019, the Housing Trust Group and the HACMB submitted a funding application to FHFC for 4% Low Income Housing Tax Credits (LIHTC) and CDBG-DR to develop 94 units of workforce housing at 165-185 and 280-330 South Shore Drive. The city provided several affidavits in support of the Housing Authority’s application. The application was not selected for funding by the FHFC.
On October 16, 2019, the Housing Trust Group and the HACMB submitted a funding application to FHFC for 9% LIHTC and State Apartment Incentive Loan (SAIL) to develop 94 units of workforce housing at 165-185 and 280-330 South Shore Drive. The city provided several affidavits in support of the Housing Authority’s application. The application was not selected for funding by the FHFC.
On December 17, 2019, the Housing Trust Group and the HACMB submitted a funding application to FHFC for 4% LIHTC and SAIL to develop 118 units of elderly housing at 165-185 and 280-330 South Shore Drive, and 1144 Marseille Drive. The city provided several affidavits in support of the Housing Authority’s application. The FHFC anticipates making final funding recommendations in February 2019.
The HACMB and the Housing Trust Group expect to continue to submit funding applications to the FHFC for the development of its vacant land properties in the coming months. The chart below indicates the Area Median Income for our area: