SLIDE 2 5/18/2015 2
Decision Making Matrix
Purpose – strategically select areas for stabilization
and revitalization strategies
Site visits, existing conditions,and market analysis
dictate locations
Decision Making Matrix recommends approaches
for selected areas based on developed criteria
Use of maps to demonstrate how different criteria
factor into prioritizing proposed housing development strategies and approaches
4 Florence Catalytic Project Areas - Revitalization Criteria
Property Ownership Proximity to Transit Stops Proximity to Food Proximity to Open Space Access to Education Proximity to Corridors Ability to Market Involvement
Partners Proximity to Funded Projects Future Infrastructure Investment Total Project Area 1E+2E 10 1 11 Project Area 3E 5 5 9 7 26 Project Area 1N 8 8 Project Area 2N 5 5 5 10 5 6 36 Project Area 3N 5 10 5 2 5 27 Project Area 4N 5 10 10 3 5 7 40 Project Area 5N 5 10 5 7 5 6 7 45 Project Area 1NW 5 5 5 5 20 Project Area 2NW 5 5 10 4 5 7 36 Project Area 3NW 5 5 5 10 6 5 36
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Decision Making Matrix Results Market conditions that drove the selection of
project areas.
Lack of ownership units to meet demand of existing moderate to middle income households (80% of AMI and above) New and rehab units can capitalize on the proximity to downtown employment Poor condition of housing in affordable range does not meet modern living needs
Little retail has occurred or currently exist in the Project Area Neighborhoods There is sufficient demand for additional retail goods and services Within Project Area Neighborhoods, future development will most likely occur along major traffic corridors
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