RFP #50-19, Low-Income Housing Tax Credit Project
August 21, 2019
NOTICE IS HEREBY GIVEN that the following addendum serves to provide clarification and to
answer the questions received on RFP #50-19, Low-Income Housing Tax Credit Project.
Question 1: Does the City require off-street parking per code for this Development?
Answer to Question 1: The minimum number of spaces required by development is a
matter of Code and should be confirmed by the developer.
Question 2: Does the City prefer that this be a Family or Elderly development, under FHFC rules?
Or no preference?
Answer to Question 2: The City does not have a preference for this development.
Question 3: Would the City entertain a proposal to incorporate the parcel where the Hispanic
Outreach Center is?
Answer to Question 3: The City would entertain such a proposal but this is unlikely to be
arranged because the tenant of the building has a zero-cost land lease. A proposal to
relocate them would have to provide adequate space with similar arrangements currently
in place. A relocation would have to keep them operating in Clearwater’s Downtown Core
or in the Downtown Gateway.
Question 4: "The CRA would also like the option to fund the cost to construct one additional floor
of parking to be made available exclusively for public parking in perpetuity." How many spaces
does the CRA desire?
Answer to Question 4: The minimum number of spaces required by development is a
matter of Code, not the CRA’s desire. As for additional spaces to be made available to the
public, the CRA will determine at a later date through collaboration with the developer. The
number will either be zero or a number that is convenient for development. For example,
if one (1) floor of parking is 40 spaces and is easily distinguishable from resident parking,
the CRA will not ask for 46.
Question 5: Because the parking would not be paid by tax credits, a condo association would
need to be formed and the city would own and operate the portion of the garage they fund. Is this
Answer to Question 5: This scenario is an acceptable option which has been used by the
City/CRA in the past.
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Question 6: If the CRA funded these parking spaces in the garage, where would the money come
Answer to Question 6: The funding has not yet been determined. A likely option is from
Question 7: How important is this request in the decision for developer? Strong, Medium or just
a hopeful request?
Answer to Question 7: This is not a high priority. Of these three (3) choices, hopeful may
be the most accurate.
Question 8: Is the city going to be charging for the parking? Or, are these parking spaces that
have been "committed" to another adjacent business?
Answer to Question 8: Charging for parking has not yet been determined. There is no
commitment in place to provide parking for other businesses.
Question 9: Is there a survey of the property?
Answer to Question 9: There is not a survey of the property available.
Question 10: Would the proforma you provided for greenwood [RFP #48-19, North Greenwood
Affordable Housing Project] also apply/ be used for the proposed low-income housing project as
Answer to Question 9: No, developers submitting for the tax credit project are required to
submit a proforma in the format that the Florida Housing Finance Corporation requires
with an application under that program. The proforma for the North Greenwood project is
designed to identify a funding gap to determine whether additional subsidy is necessary
to build out the project.
End of Questions and Answers
End of Addenda
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