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[IMGCAP(1)]DELRAY BEACH, FL-The city’s Site Plan Review and Appearance Board has approved the opening phase of Villages of Delray. The development is a public/private partnership between the Delray Beach Housing Authority and the locally based Auburn Development Group and projected to cost $200 million.

The mixed-income community of rental and for-sale housing will be located on the site of the former Carver Estates, a public housing community that was severely damaged by Hurricane Wilma in October 2005 and has since been abandoned. After selecting Auburn as the master developer, DBHA conveyed the 18-acre site to the partnership, and Auburn donated an adjacent 11 acres. The Villages of Delray land lies east of Interstate 95, between Linton Boulevard and Atlantic Avenue.

The full plan calls for approximately 326 for-sale housing units in a mix of townhouses and condos, and about 264 rental units along with three community facilities of about 4,500 sf each, dispersed throughout the development. Kelvin Crockett of DBHA tells GlobeSt.com that phase one, the for-sale component of the development, has been approved and the bid for demolition of the existing buildings has been awarded.

[IMGCAP(2)]While the details are still being tweaked, according to Crockett, the initial plan indicates that 67 of the 326 units will be subsidized with HOPE VI funds for first-time homebuyers; 53 units will be work force housing for buyers with annual incomes of from 60% to 80% of the area’s median income, and the remaining 206 units will be market-rate housing. DBHA puts the neighborhood median income at $53,125 a year.

Housing Opportunity for People Everywhere is a multibillion-dollar federal initiative created in 1993 and administered by the HUD to promote affordable housing nationwide. DBHA has applied for $20 million in HOPE VI funding, and Crockett says, “we feel confident of obtaining the award. It’s our second round; we have considerable support and believe the outcome will be favorable, especially since we experienced a loss of housing due to the hurricane.”

Another $5 million has been contributed from Community Workforce Housing Innovation Program Funds, and $2.2 million from a disaster recovery program. The project will also receive rental tax credits. A call to Auburn was not returned by deadline.

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