News & Events
ROSWELL HOUSING AUTHORITY REDEVELOPMENT UPDATE
December 14, 2011
In May of 2011 the housing authority began taking active steps toward the long awaited redevelopment plan for public housing.
The first step was the acquisition of three adjoining vacant land parcels on Oxbo St. totaling 1.39 acres. Following that a deal was struck with Find A Way Home, Inc. to sponsor an application for HUD 202 supportive housing for the elderly. The housing authority organization itself could not apply for the funds, only private nonprofits. Intent to lease the land was exercised pending funding. The application was submitted but unfortunately not funded. In the process the housing authority underwrote the cost of environmental assessment, surveys, geothermal testing, engineering, preliminary architecture and market study. The City has all these documents.
In June a Request for Qualifications was issued nationally to receive statements from developers to form a partnership. Fourteen responses were received and evaluated. The firm Integral/ Macauley-Schmit was selected in September and an invitation to negotiate was completed. The negations are in process, with the first step to include the completion of a Letter of Intent (LOI) to be followed by a Master Developer Agreement (MDA). The LOI is nearly complete.
During this period the housing authority has been an active participant in the Grove Way Committee attempting to establish the Hybrid Form Based Zoning Plan. The document has been completed and is now under review by City officials and will follow the prescribed path toward adoption. The anticipated date is April of 2012, which lends well to the next major funding opportunity schedule from the State Department of Community Affairs for a Low Income Housing Tax Credit application. This application will be due in May/June of 2012.
Since October, the Authority has been reaching out to neighboring properties to ascertain their interest in co-development activities or sale of properties. There is stated interest for both sale and/or co-development from neighboring property owners.
Discussions are now in process with The Child Development Association (CDA) to combine some lands including the property purchased on Oxbo and the two duplexes owned by the RHA on Grove Way (101,102,103). These units are separate from the main campus and are adjacent to the properties owned by the CDA. If agreement can be reached it would assemble these individual parcels to approximately 3.3 acres. Also in discussion is multi-story development on top of the CDA child care and office buildings which comprise 19,500 square feet. Also in discussion is utilizing the parking area of that campus with consideration toward a parking garage with residential options above. Because the existing CDA center has a large cafeteria and commercial kitchen capacity, supportive housing models for frail elders is a potential at that location.
Earlier discussions with the developer suggested that the first phase of what will be multi-phased redevelopment of RHA land properties would be the original site of public housing in Roswell. That is the parcel bordered by Forrest, Oak, Myrtle, and Grove Way. There are twenty-eight units on this parcel which consists of 3.5 acres. The majority of these units were vacant for several years, but are now filled due to the concerted effort to rehabilitate the units and put them back on line in an economic time where affordable rental housing is so needed. That location has now been put off to a later phase to minimize impact and relocation, initial redevelopment complications, and to get value out of the reinvestment costs associated with utilizing what was previously ignored, while putting roofs over people's heads.
The Housing Authority of the City of Roswell is ready and prepared to make the initial investments toward the re-development of the Grove Way Neighborhood. The Authority has significant land values and net assets. Some of our funding is highly regulated by the Department of Housing and Urban Development while other resources of the Authority are not. There are always specific steps that we must make and approvals gained from HUD to complete redevelopment actions. Those steps are in the initial stages. Our goal is to leverage the true market value of the lands held, maximize housing affordability, balanced with market rate investment fostering the Grove Way Neighborhood to reach its full potential and highest and best use.