Eagles Landing
Eagle’s Landing Developed By: The Dream Team & DACCO Inc. Request for Grant from Federal Home Loan Bank Bank of Tampa (Local Affiliate) 1 Project Team DREAM TEAM – 75 years of collective experience in their area of expertise Desmond Key – Team Leader/Project Manager Robin Donaldson – Construction/Rehabilitation Sharon West – Grant Management and Researcher Tania Rhoden –Support Services and Counseling Coordinator Ryan Dhookaran – Financial Analyst and Manager IN PARTNERSHIP WITH DACCO Inc. is a Tampa Not-For-Profit which treats substance abuse disorders and co-occurring mental health symptoms of it’s clients. It already owns and manages housing for some of their clients. They will own and manage Eagle Landing after it is ready for occupancy. 2 Project Description Supportive living for homeless veterans who are They must be currently in recovery Must agree to receive substance abuse and/or mental health counseling services Must agree to become employed or go to school Must agree to receive case management services. Must not be involved in the criminal justice system in the past three years Can not have been convicted of violent or sexual abuse crimes. All the apartments are 1 bedroom/1 bath, furnished and utilities included. 3 Project Description 4102 East Humphrey Street, Tampa Florida 10 Units- One bedroom/1 bath Zoning- RM-24 Flood Zone – No Property Price $300,000 Total Rehab Cost $259,817 Total Project Cost $824,777 Project Unit Cost $82,278 4 Need Assessment Tampa has a large presence of the military because of McDill Air Force base; Headquarters of SoCom and CentCom Hillsborough County Homeless Count -2014 2,243 homeless women and children were counted Local Veteran homelessness and their families were 11 percent of the total homeless population increased 47 percent, from 170 to 250 people The VA states that the number of homeless veterans is expected to increase through 2015, as America’s military involvement overseas is reduced Local VA has 150 veterans waiting for housing 5 Area Assets 22 minutes to the Veteran Hospital and their homeless services by bus, 10 minutes by car and 58 minutes walking. Two major bus routes in walking distance Very close to major employment opportunities along Busch, Fowler. and Fletcher Avenues Near several grocery, drug stores, Kmart, five major hospitals and strip shopping malls 6 Area Major Employers and Shopping 7 Building Rehab Rehabilitation of 2 buildings -10 apartments One new roof, (one building roof is only 5 years old) Widening of sidewalks, New HVAC systems for all apartments, Conversion in two handicapped accessible apartments, 24 new windows Painting interior and exterior of apartments and stairwells Florida friendly landscaping Cost saving measures – TECO Rebate on HVAC and windows; DACCO will purchase construction materials to save 7% sales tax. 8 Funding Sources DACCO Inc. - $50,000 equity investment - COMMITTED City of Tampa- $ 350,000 SHIP - COMMITTED Home Depot Veteran’s Housing Grant - $100,000 COMMITTED Line of credit from Neighborhood Lending Partners -$ 225,000 COMMITTED Federal Home Loan Bank Affordable Housing Grant - $100,000 9 Operating Subsidy Source VA Per Diem Program Per program pays for operational costs, including salaries, may be funded by the Per Diem Component. supportive housing, the maximum amount payable under the per diem is $43.32 per day per Veteran may be asked to pay rent if it does not exceed 30% of the Veteran's monthly-adjusted income VASH Vouchers HUD provides housing assistance through its Housing Choice Voucher Program (VASH)) that allows homeless Veterans to rent privately owned housing. THA can project base up to project based up to 20% of the VASH vouchers Tampa Housing Authority (THA) to project base VASH vouchers for up to 10 units 10 Support Services Providers Veterans Hospital and affiliates Other Services Agencies Local Employment Services Tampa Crossroads Disabled Veterans Services Metropolitan Ministries Training Assistance Programs Homeless Health Care Programs Supportive Services for Veteran Families 11 DACCO Services To augment the services provided by the VA Veterans will get individual sessions that are held with a licensed counselor that will focus on progress toward treatment plan goals. Provide Co‐occurring Disorders Groups DACCO will be providing Drug testing AA / NA Meetings are held in the facility on a weekly basis and clients are transported to community based meetings by staff. 12 Thank you for your consideration 13
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