The Daytona Beach Housing Authority has been awarded two HOPE VI Revitalization Grants by HUD.
The Daytona Beach Housing Authority was awarded two HOPE VI Revitalization Grants by HUD.
The first grant was awarded in 2002 for the revitalization of Bethune Villages and Halifax Park. This grant totaled $17,242,383.00.
The second grant was awarded in 2003 for the Revitalization of The Martin Luther King, Jr. Apartments. This grant totaled $7,639,191.00.
DBHA and its co-developer, Picerne affordable Developers from Altamonte Springs, FL applied for, and received, Low Income Housing Tax Credits to assist in the costs of rebuilding the buildings that were demolished on the sites. These tax credits provided approximately $25,000,000.00.
Approvals were been obtained and construction completed on all three sites. The three new developments are privately managed by Picerne Management.
Villages at Halifax contains a total of 71 new apartments, 31 are operated as public housing units under contract with HUD, and 40 as tax credit units. Fifty of the units are contained in 2 two-story apartment buildings and are targeted for the elderly. Twenty-one townhome style units are for families. Construction was completed July 2007.
Lakeside Villages contains a total of 103 new apartments, 50 are operated as public housing units under contract with HUD and 53 as tax credit units. Construction was completed December 2007.
Homeownership are to be constructed on all three sites as well. Final plans for the number of homes on each site are still being developed, but the total number is expected to exceed 120 single-family detached homes. These homes will be developed outside of the terms of the HOPE VI grants.