| Lakeland, Florida
In conjunction with the
Housing Authority of Lakeland, Florida, TCGD is the lead developer of a $60 million
comprehensive neighborhood revitalization project through a public-private partnership. In
August 1999, the Lakeland project was awarded one of 20 HOPE VI revitalization grants from
HUD for $21.1 million. These funds will be leveraged by nearly $38 million in support from
community partners including public housing residents, social service organizations and
area businesses, city and county agencies, TCGD and the housing authority. An additional
$10 million in tax increment financing has also been pledged by the city through the
creation of a Community Redevelopment Area.
The Washington Ridge
Community Renaissance combines both physical and economic revitalization. Physical
redevelopment will reduce population density at the two public housing sites while the
number of housing choices for lower-income families will increase. The 380 public housing
units will be replaced with 220 new, mixed-income dwellings and 32 rehabilitated units. It
is expected that 100 mixed-income families will move into the neighborhood to occupy the
new and renovated houses while a similar number of lower-income working families will have
the opportunity to relocate to new and renovated houses elsewhere within the city and
county.
The community’s
economic base will be rebuilt with $3.5 million pledged by stakeholders and $3.2 million
of HUD funds. These resources will go toward skills training, social service programs, and
business development initiatives that will enable families to obtain good jobs and an
improved quality of life. Area businesses have pledged 688 new jobs guaranteeing that
low-income families will have the opportunity to realize $25.7 million in new household
income over the next four years. New job holders will have the incentive of homeownership
guaranteed by $13 million in below market-rate financing commitments and $2 million in
downpayment assistance.
County of
Kern, California
In 1998, the housing authority of the County of Kern,
California selected TCGD as lead developer for a HOPE I-funded redevelopment of three
public housing communities designed to provide affordable home ownership opportunities for
residents. This project includes the sale of 160 homes to residents, developing
replacement housing, and revitalizing the neighborhood at one of the sites.
Planned activities include redeveloping and converting a
92 unit multi-family property to home ownership through a common interest realty
association—either a cooperative or condominium. A second phase of the project will
be developed under the 5(h) program and additional housing near the main site will be
acquired, rehabilitated and constructed as in-fill housing. Commercial development of
adjacent land is envisioned in order to provide a day care center and other businesses
that the area needs. Other activities include preparing the residents for the sale
of up to 60 public housing units at recently rehabilitated duplexes and for 16 units at
another recently rehabilitated site.
The core team includes TCG as lead developer; Self-Help
Enterprises as co-developer; David Kirkpatrick, Attorney at Law; Fred Consulting
Associates, as tax credit advisors; and financial partners Bank of America, the National
Cooperative Bank, and Fannie Mae.
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