Subject:
Title
Approval, Re: Letter of support for Housing Authority of Brevard County (HABC) for the disposition of Lake View Pointe to Space Coast Community Development Corporation (SCCDC), HABC's wholly owned nonprofit affiliate - District 1.
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Fiscal Impact:
None
Dept/Office:
Housing Authority of Brevard County
Requested Action:
Recommendation
The Housing Authority of Brevard County (HABC) respectfully requests the Chair to execute a letter of support approving HABC's proposed disposition of Lake View Pointe and transfer ownership to Space Coast Community Development Corporation.
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Summary Explanation and Background:
HABC proposes to transfer the property to SCCDC, HABC's wholly owned nonprofit affiliate, to facilitate redevelopment and preserve the property's affordable-housing and community-development purposes. Brevard County is not being asked to assume ownership, financial responsibility, operational control, or liability for the property. HABC requests only that the County provide a letter supporting HUD's approval of the Section 18 disposition application.
Lake View Pointe was constructed in 1964 and consists of 56 public housing units serving low-income households, including families with children, older adults, and persons with disabilities. The property's age, deteriorating infrastructure, and functional limitations increasingly affect its long-term sustainability and HABC's ability to provide quality housing efficiently.
The proposed disposition would position HABC and SCCDC to pursue a comprehensive redevelopment strategy that can:
* Address aging buildings and infrastructure.
* Improve the quality and long-term sustainability of the housing.
* Expand access to federal, state, local, and private financing.
* Preserve the property's affordable-housing purpose.
* Support neighborhood revitalization and improved resident outcomes.
SCCDC is HABC's wholly owned nonprofit affiliate, established to advance affordable housing and community de...
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