Takoma Park Rec Center RFQ Response City Council Presentation July - - PowerPoint PPT Presentation

Takoma Park Rec Center RFQ Response

City Council Presentation July 12, 2017

Agenda

• Our Team
• Past Projects
• Role of Developer
• Financing Options

Our Team

Development

• Mission First (501c3)
• The Henson Development

Company (MD MBE) Design

• Soto Architecture

Zoning

• Miller Miller Canby (Jody Kline)

Construction

• Harkins Builders
• JDC Construction (MD MBE)

• DC-based nonprofit
• Active in DC area since 2001

▫ Over 1300 units completed ▫ 317 units in construction

• Partner with community-based
• rganizations and governments
• Create community assets

Mission First – Lead Developer

The Henson Development Company – Co-Developer

• MD MBE founded in 2000
• Works in urban and progressive communities
• Success based on

▫ Collaborative approach ▫ Meaningful resident participation ▫ Creative financing ▫ Experienced professionals

Soto Architecture & Urban Design

• DC-based MBE/SBE/DBE firm
• Crafting lasting, sustainable structures that

enrich our neighborhoods

• Expertise in urban infill, mixed-use, multi-

partner projects

• Works collaboratively with Community
• Designed multiple Award-winning

developments for Mission First / THC team

Miller Miller & Canby – Land Use

• Jody Kline as land use attorney
• Extensive experience in Montgomery County
• Recently worked with Mission First and THC
• n Mt. Jezreel Senior Housing project

Harkins Builders – General Contractor

• Diversified work including affordable housing, community buildings
• Extensive experience in Montgomery County
• Working with Mission First and THC on Mt. Jezreel Senior Housing project

JDC Construction – Construction Manager

• MD MBE founded in 2003
• Ensure on-time, within the budget, per plans

and specs

• Extensive experience working on public-

private partnership projects

▫ Currently construction manager for DC Schools and Rec Centers

Kenilworth Rec Center

Example Projects

Mount Jezreel Senior Housing 420 University Blvd East, Silver Spring, MD (Mission First, THC, Miller Miller & Canby, Harkins)

Example Projects

Fells Point Station 1621 Bank Street, Baltimore MD (Mission First, THC)

Example Projects

House of Lebanon 21 O Street NW, Washington, DC (Mission First)

Role of Developer

• Execute Vision of our Partners
• Serve Diverse Vulnerable Populations
• Create Sustainable Community Asset
• Engage Local Residents
• Local Hiring and Business Participation

Financing Options

• Layered Financing
• Public and Private

▫ Federal (LIHTC, HUD) ▫ State (MD CDA) ▫ County (DHCA) ▫ Private Lender, Investor

• Options for Purchase, Ground

Lease

• Bank of America
• Capital One Bank
• PNC Bank
• Raymond James
• Prudential Mortgage
• Wells Fargo
• Montgomery County
• DC Housing Authority
• DC DHCD
• DC Housing Finance Agency
• State of MD DHCD, CDA
• City of Baltimore
• Love Funding
• Prince George’s County
• City of Alexandria
• Virginia HDA
• Hudson Housing Capital
• RBC Capital Markets
• R4 Capital
• AGM Financial
• and others

Recent Financing Partners:

Thank you!