CAYCE UPDAT E Ma y 18, 2015 @Na shville MDHA #E nvisionCa yc e - - PowerPoint PPT Presentation

E NVISION

CAYCE

UPDAT E

Ma y 18, 2015

@Na shville MDHA #E nvisionCa yc e

AGE NDA

1. Re vie w of E nvision Ca yc e F ina l Pla n 2. Wor k Sinc e July 2014

3. Rental Assistance Demonstration 4. Next Steps 5. Cayce Redevelopment District 6. Questions?

E nvision Cayc e F inal Plan

3

Housing Type Number of Units Cayce Place & CWA Replacement Units 968 Affordable Housing 358 Market-Rate Units 1,064 2,390 Total Units Non-Residential Uses Area Retail (grocery, pharmacy & more) 127,700 square feet Institutional & Office (existing partners plus new library & education facility) 161,000 square feet Mini Parks & Open Space 11 Acres

E nvision Ca yc e Housing & Are a

E NVISION CAYCE MAST E R PL AN GOAL S

One for

• ne

r e pla c e me nt of e xisting a pa r tme nts Minimize disr uption to r e side nts dur ing c onstr uc tion Cr e a te a susta ina ble & fina nc ia lly Via ble de ve lopme nt Impr

• ve ne ig hbor

hood a me nitie s Ma inta in & e xpa nd suppor t se r vic e s Inte g r a te Ca yc e Pla c e into c ommunity Conne c t with & le ve r a g e othe r loc a l initia tive s & sta ke holde r s Cr e a te a he a lthy mix of housing c hoic e s

E NVISION CAYCE INT E NT

One for

• ne

r e pla c e me nt of e xisting a pa r tme nts F r

• m Ca yc e to Ca yc e

L

• ng te r

m pla n Pha se II of Re nta l Assista nc e De monstr a tion (RAD) Conve r sion F ina nc ing using a c ombina tion of public & pr iva te dolla r s MDHA a s De ve lope r F le xible a nd sc a la ble pla n Public involve me nt

RE NT AL ASSIST ANCE DE MONST RAT ION

F r

• m Se c tion 9

public housing to Se c tion 8 pr

• je c t-ba se d

r e nta l a ssista nc e Pe r ma ne ntly a ffor da ble to low-inc ome fa milie s MDHA is r e quir e d to r e ne w for subse que nt 20-ye a r c ontr a c ts inde finite ly Allows MDHA to ma ke ne e de d c a pita l impr

• ve me nts to a g ing

building s One for

• ne

r e pla c e me nt of e xisting a ffor da ble units Re side nts g e t fir st r ig ht

• f r

e tur n without r e sc r e e ning

RAD Conve r sions Unde r way (Phase I)

Andr e w Jac kson Cour ts Che atham Plac e Cumbe r land Vie w E dge fie ld Manor E dge hill Apar tme nts Ge r ne r t Studio Apar tme nts

• J. He nr

y Hale Apar tme nts L e vy Plac e Madison T

• we r

s Napie r Plac e Ne ighbor hood Housing Par kway T e r r ac e , Sude kum Apar tme nts Vine Hill T

• we r

s

so me pro pe rtie s o pe ra tio na l c o nve rsio n o nly re side nt-o nly me e ting s in Ma y a nd June

RAD Conve r sion Pe nding (Phase II)

Car le e n Batson Walle r Manor Cayc e Plac e Hadle y Par k T

• we r

s Histor ic Pr e ston T aylor Apar tme nts Par the non T

• we r

s Vine Hill Apar tme nts

so me pro pe rtie s o pe ra tio na l c o nve rsio n o nly re side nt-o nly me e ting s in Ma y a nd June

T HE F UT URE OF

RAD

IN DAVIDSON COUNT Y

HUD dr ive s timing of c onve r sion No c ha ng e s in 2015 Wor k done in-house by MDHA sta ff Physic a l c onditions a sse ssme nts of a ll 20 public housing pr

• pe r

tie s No se lling of e xisting public housing pr

• pe r

tie s

E NVISION CAYCE

NE XT ST E PS

67 ne w a pa r tme nts a t Summe r Pla c e & South F ifth Str e e t Ca yc e Re de ve lopme nt Distr ic t Asse mble r e ma ining la nd pa r c e ls Me tr

• Public Wor

ks, She r iff’s Offic e & Kir kpa tr ic k Pa r k la nd tr a nsfe r s RAD c onve r sion We lc ome Ne w Ma yor & Ne w Counc il Me mbe r s De ve lop fina nc ing L

• w-Inc ome T

a x Cr e dit PIL OT Pr

• g r

a m to Counc il

Pote ntia l Ca yc e Re de ve lopme nt Distr ic t

13

Q & A

Ple a se r a ise your ha nd to ha ve the mic r

• phone br
• ug ht to you or

submit your que stion on T witte r by me ntioning @Na shville MDHA a nd using the #E nvisionCa yc e ha shta g .

Sta y upda te d on

E NVISION

CAYCE

by r e a ding www.na shville -mdha .or g / e nvision-c a yc e e ma iling e nvisionc a yc e @na shville -mdha .or g

• r

c a lling 615-252-7065.

@Na shville MDHA #E nvisionCa yc e