1. Hawthorne Village/ New Horizons South Apopka

2. Presentation Outline Background Re-Development Plan Action Requested

3. Presentation Outline Background Re-Development Plan Action Requested

4. Background Hawthorne Village: South Apopka 13 th St. and Hawthorne Ave. 12 Acres

5. Background Hawthorne Village: 84 unit farm worker housing development built in 1981 Construction was financed by the United States Department of Agriculture (U.S.D.A.) U.S.D.A. provided a $1.7 million dollar grant and $1.2 million dollar loan to build Hawthorne Village

6. Background Hawthorne Village: Title to the property was vested in the Orlando Housing Authority (OHA) OHA also provided property management services at the complex

7. Background Hawthorne Village: In 2003, title to the property was transferred to Homes In Partnership (HIP) and they assumed the outstanding U.S.D.A. loan balance HIP, Orange County and the U.S.D.A. agreed to coordinate resources to conduct repairs to the complex In March 2004, Orange County committed $1,000,000 of program funding to assist with renovations

8. Background Hawthorne Village: Due to construction cost increases, hurricane damages in 2004 and other factors, it was determined that any effort to renovate the complex would be cost prohibitive In September 2006, HIP vacated the tenants and the buildings were demolished

9. Presentation Outline Background Re-Development Plan Action Requested

10. Re-Development Plan New Horizons: HIP conducted community meetings to align redevelopment plans with the community vision for the site The consensus was the site should be redeveloped as a single family affordable housing development HIP met with representatives of the Planning Division and concluded that a 56 unit single family development would be consistent with the Future Land Use for this site

11. Re-Development Plan New Horizons: Proposed development, New Horizons, was approved by the Board of County Commissioners at a Public Hearing in September 2008 HIP and the City of Apopka have committed or expended financial resources Construction will comply with Green Building standards Units will be sold at a sales price of approximately $129,900

12. Re-Development Plan New Horizons: Orange County will utilize it’s HOPE III program income to pay the outstanding loan balance of $395,389 as requested by the U.S.D.A. U.S.D.A. agrees to release all restrictions limiting use of the property

13. Re-Development Plan New Horizons: A mortgage note of $395,389 payable to Orange County will be recorded against the property with the following conditions: –Properties must be constructed and sold by June 2013 –Homes must be sold to low/moderate households

14. Presentation Outline Background Re-Development Plan Action Requested

15. Approval of an Affordable Housing Funding Agreement between Orange County, Homes In Partnership, Inc., and Hawthorne Village Corporation of Apopka, a subsidiary of Homes In Partnership, to pay the outstanding balance of $395,389 to the U.S.D.A.