Chief of Staff to Lynda Bell:
Thanks in advance for your request for response.
In fulfilling your request (I NEVER MADE ONE, MY EMAIL WAS FORWARDED, BUT I AM HAPPY TO HAVE THE INFORMATION EVEN THOUGH IT DOESN'T ADDRESS HOW THE DEVELOPER WAS PICKED), please allow me to provide you with the brief, yet thorough, response below:
The Board approves equal GOB affordable housing fund allocations and its associated contracts to all 13 commission districts by resolution. The funds may be awarded to grant recipients to fund affordable housing projects as required by the bond question approved by the voters. The projects must be maintained as an affordable housing project for at least 25 years. In addition to execution of a grant agreement between the county and the grantee, the owner/grantee is required to record a rental regulatory agreement, a covenant running with the land, requiring the owner to maintain affordable rents throughout the 25 year term. The transaction is subject to underwriting review and a favorable underwriting report.
The process used in this case is consistent with the process followed by the majority of the County Commissioners, most of which have already allocated their district specific funds. After many presentations/solicitations Commissioner Bell made the decision to proceed with this project specifically based on the lack of senior services and programing in Commission District 8 as compared to other districts, location of land as part of the county government services corridor (located next to the South Dade Cultural Arts Center, public transportation, South Dade Police/Fire Department, South Dade Branch Library, South Miami-Dade Government Center, Social Security Administration, SouthLand Mall, etc.) and maximization/best use of dollars for this type of project.
Please feel free to contact me if you need further clarification.