Subject:
Title
Approval RE: Educational Facilities Impact Fee Deferral Contract for the St. Stephen's Way Affordable Housing Development between the Brevard County Board of County Commissioners, Brevard County Public Schools and St. Stephen's Way Inc.
End
Fiscal Impact:
Fiscal Year 2023 - Educational Impact Fees that would've been collected for the Brevard County School District in the South Area Benefit District in the amount of $77,620 will be deferred for a period of fifty (50) ten (10) years for the St. Stephen's Way project due to its intended occupancy by very-low or low-income households. A lien on the property will be recorded to ensure payment of the deferred balance.
Dept/Office:
Planning and Development
Requested Action:
Recommendation
It is requested, on behalf of the developer, that the Board of County Commissioners: (1) authorize the Chair to execute the Educational Facilities Impact Fee Deferral Contract for the St. Stephen's Way Affordable Housing Development upon approval and execution by Brevard County School Board and the developer as currently presented and attached; and (2) authorize the County Attorney's Office to record the Notice of Assessment, as currently presented within the contract and which constitutes a lien on the property for the deferred balance of $77,620.
End
Summary Explanation and Background:
St. Stephen's Way is a non-profit organization that provides affordable housing along with support services to homeless families referred by the Brevard County school system. St. Stephen's Way is currently finalizing the multifamily residential development of an affordable housing project. The project is located near Lipscomb Street and Brothers Avenue, in the City of Melbourne and includes eight (8) multifamily residential one-story buildings consisting of forty (40) units total, each with three (3) bedrooms, to provide housing for low or very-low income families.
Since the developer anticipates obtaining a certificate of occupanc...
Click here for full text