Dollila Pinkhasov Property Manager City of Miami

CARRFOUR supportive hOLising

Dept. of Community and Economic Development 444 SW 2nd Ave, 2nd Floor Miami, FL 33130

RE: Oal'l'foul' Supportive Housing - Liberty Village Reverter Clause

Deal' Ms. Pinkhasov:

Osprey Apartments, LLC, respectfully requests an extension to the deed reverter clause enclosed. According to the C\.lrrent deed, construction must start in June 2016; however, due to delays outside of our control, we will not be able to start construction until October 2016. This project was required to resubmit the building plans reflecting the change in design of the development from High-Rise to Mid-Rise, 5 to 6 stories, and to obtain City of Miami's Zoning Board Approval for the redesign and for the reduction in required parking from the City ofMia111L AU such approvals have now been obtained, and the construction plans are 100% complete and are in the permitting process.

We believe there are no further impediments to closing the tax credit equity financing and the FHFC SAIL financing by September 30, 2016 which will allow us to commence construction in October 2016.

Please contact Jackie Dana at 305~371~8300 x 1335 if you have any questions.

SinceJ'ely,

~~A-St - l1a~~ Berman I~} esident/CEO

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EXPERIENCE NARRA rIVE

Carrfour Supportive Housing's ("Carrfour") mission is to end homelessness in Miami-Dade County by developing transitional and pennanent supportive housing 'for individuals and families. Carrfour is committed to providing 1,000 additional supportive housing units in Miami-Dade County over the next ten years.

Carrfour is one of the leading developers of supportive housing for the fonnerly homeless in Miami-Dade County. In 1993, the Homeless Trust was created and a community-wide effort was launched to improve the health and welfare of the homeless. As part of this ~ffort, the .. Greater Miami Chamber of Commerce's Homeless Committee saw the need for a not-far-profit development organization to assemble the expertise and resources needed to produce' a significant number of supportive housing ·units. To fulfill this need, the Greater Miami Chamber of Commerce created Carrfour in 1994. Carrfour is different from other not-far-profit organizations addressing the homeless issue in that it is both a housing developer and a service provlder. .

Since 1994, Carrfour has assembled over $70 million in funding coirunitments from federal sources, private equity and financing to support the acquisition, construction and operation of 770 supportive housing units. Carrfour succeeded in obtaining tax credits for nvo of its projects in a highly competitive statewide process including for-profit and not-for-profit housing developers. In 1996 J Carrfour received th~ largest award made to a single organization in the county ($9.28 million) as a result of the U.S. HOD Super NOFA. Carrfour has also. received three awards under the Affordable Housing Program of the Federal Home Loan Bank of Atlanta and is recognized throughout the state for blending multiple sources of funds. In 2002, Carrfour's Rivennont project received the MctLife Award for Excellence in Affordable Housing.

Carrfour also leads an aggressive advocacy effort to focus the State of Florida's housing and welfare·to-work resources to end homelessness. Carrfour has: .

• Called for the development of an inter~agency State response to homelessness whiCh led'to the creation of the Florida Commission on Homelessness,

• Mobilized the Florida Housing Coalition and the Coalition for the Homeless to advocate fqr State of Florida funding for Single Room Occupancy (SRO) projects, and

• co-sponsored the first Statewide Supportive Housing Conference, which was held on November 15, 2000.

Currently, Carrfour has nine projects in operation serving approximately 800 fonnerly homeless adults and children. Of these projects, five (Rivennont, Little Haiti, Little River Bend, Wynwood, and the Housing Assistance Program) provide pennanent housing to adults, two (Transition to Home Ownership and Transition to Affordable Housing) provide transitional housing for families and one (Del Prado) providespemlanent housing for famllies, In addition, Carrfour administers 50 Mainstream Section 8 vouchers far fonnerly homeless families. All of Carrfour's projeCts provide supportive services designed to promote self-sufficiency, independent living and residential stability. See Section 4b for project list.

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Development Team:

Carrfour's success in developing supportive housing projects is largely attributed to a very experienced development staff.

Stephanie Berman, Carrfour's Interim Presjdent, has over 12 years of experience working with homeless families and a Master's Degree from Harvard University in administration, planning and social policy. Stephanie previously served as the Director of Emergency Shelter Services for the Children's Home Society. .

Doug Mayer, Carrfour1s Vice President of Housing, has over 10 years ofreal estate development experience. Doug previously served as Viqe President of Developinent at Jubilee Community Development Corporation. . He has sucpessfully developed affordable. condos for. sale, apartments for the elderly under HUD's Section 202 program and housing for the homeless with Carrfour.

Joseph Blain, Carrfour's Construction. and Compliance Manager, has over. 9 years of construction and project management experience. He has worked on several multi-family projects and has extensive experience in city. county and federal compliance requirements;

Almartha Forbes, Carrfour's Assistant Housing Developer, has over 2 years of community and affordable housing development experience. She lias worked on all aspects of financing and predevelopment of several multi-family projects. .

Support Services:

Carrfour also has an experienced supportive services staff. Jay Jackson, Carrfour's Director of Employment and Training, has a Master's Degree in Education and over fiftee'n years of experience working with individuals with multiple barriers to employment. Sandra Newson, Del Prado's Program Director, is a LCSW with extensive experience in case management services from her previous work with the Children's Home Society and the Department of Children and' Families. Carlos Laso; the Program Director for Rivermont1 Little Haiti. LIttle River Bend and Wynwood, is a licensed clinician that has over a decade of experience in counseling and program development. Ann Cumbie, the Program Director for both Transition to Affordable Housing Bn:d Transition to Homeownership, has over 15 years of experience in employment,programs and program administration.

A 4.

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N arne of Development Location Pro,lect Type Status Fundine: TAB· This project provides Homestead, Scattered Sites Opened in OReratiQnal Fundfug transitional housing for formerly Miami·Dade September 1999 1996 SHP ~ $152,015 homeless families. During an 18- County 1999 SlIP • $74,215 month transitional period they are 2001 8HP - $48,~97. required to contribute 30% of their income to operating expenses. After SUllRortive Services the transitional period, the families 1996 8HP - $880,441 take over the entire financial 1999 SHP - $288,651 responsibility and continue'to live in 2001 SHP· $294,660 the W1it they occupy. nus project currently serves 16 families. ruvermont House- This project Miami, Miami- Rehabilitation' Opened in Cal2ital Sources provides 40 units for homeless Dade County December 1998 OMN/Enterprise • individuals and 36 units for disabled $195,000 homeless individuals. Support , OF Capital - $180.521 Services are provided for residents Tax Credit Equity -by Carrfour's supportive services $1,424,656 staff, Approximate costs of FHLB AHP.$494,OOO acquisition and rehab is $3.4 1994 SHP·$400,OOO inillion) Dade HUD -$350,000

Miami·Dade County Homeless Trust·

I 51,90,000 CDBO· $250,000

Qnerational FundWg Sec, 8 Mod Rehab·

I I $2,112,000 1994 SHP - $239,658 2000 SlIP - $307,263

Smmortive Service§ 1994 sm. $738,279 2000 SHP - $862,677

Del Prado Gardens- This project Miami, Miami- New Opened in Callital Sour£e~ consists of 32 new 3 & 4 bedroom Dade County Construction. January 2000 SHP· S 100,000 town homes and provides permanent sAiL- 5332,592 housing for formerly homeless Tax Equity Credit -families impacted by disabilities, $1,194,556 Emphasis is placed on providing 1996 SHP· 5105,000 each family with the necessary £Sero\;' - S15,000 support to provide a stable CDBG -$282,000 environment for their children while maximizing self-sufficiency. QRerational Funding (Capital costs approximately $3 1996 sm . $400,796 million), 2001 SHP -$1 12,020

Suyyon Services 1996 SHp· $1,157,699 2001 SHP· $389 760

Wynwood Apartments- Carrfour Miami, Miami- Rehabilitation Opened in OQerational Funding master leases a 3·story building Dade County December 2000 Small SRO.$2,478,000 consisting of 50 renovated apartments for formerly homeless SUPQort Services

" 'i I, ,-, . . .... -+ ...... -.~"',.," ~ ...... 1998 SHP· $373,863

I

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A Look At Carrfour's Current Housing & Programs in Development

Projects operating and I underway will proyide 800 units of affordable housing for approxi.mately 1000 people. tntimatelYI Carrfour plans to develop at least 1,500 units of supportive housing in Miami-Dade County. This represents approximat~y 50% of the u'nmet need for supportive housing units in this area according tb the

, Continuum of Care Ne~ds Analysis generated by a multi-agency survey effort in Miami-Dade County. I '

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RlVERMONT Hous~

LITTLE HAITI GATEWAY

Carrfour Supportive Housing Current Housing

Opened for occupancy 'in December of 1998, thiS is Carrfour's flagship project demonstrating the benefits of supportive housing for a Illixed population of formerly homeless adults - men, women, the young and tbe elderly.. The building has 76 individual apartments, each with its own bath and kitchen. There are 36 units set aside for the disabled and 15 units designated for elderly residents. Rents are subsidized to make them affordable by single individuals of low or moderate income. Common areas include: a Hving/learning center; a wellness/fitness room; a general purpose meeting room; and an outdoor courtyard. Residents have organized.a resident council, publish a monthly newsletter, and along with the Rivermont House staff plan a calendar of events.

Opened in May 2003, Little Haiti Gateway is a mixed-use development designed to accommodate 80 individuals. This project contains 70 SRO efficiency units for formerly homeless adults, nine affordabloll one­bedroom units and a resident manager's unit. 1t also includes offices for the Little Haiti-Edison Credit Union. Each unit is fully furnished and bas its own bath and kitchen.. Little Haiti Gateway is funded under the Section 8 Moderate Rehabilitation Single Room Occupancy Program and U.S. HUD's Supportive Housing Program. It is located in the Little Haiti neighborhood of Miami.

Revised JanualY 2006

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CONTINUE: CARRFOUR 's CURRENT HOUSI~G

DEL PRADO GARDENS TOWNHOUSES

WYNwOOD APARTMENTS

This $5 million proj ect opened in January 2000. The complex: consists of 32 new 3 & 4 bedroom, one~story townhouses, and provides permanent housing for formerly homeless families impacted by disabilities: Emphasis is placed: on providing each family with the .necessary support to provide a stable and nl;lrturing environment for their.chiJdren while maximizing the family's ·self-sufficiency ... The U.S. HOD Supportive Housing Program provides operating subsidies for three years. ..

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Opened in'December 2000, Carrfour master leases this . 3-story building that is located in the Wynwood section of Miami. The

building consists of 50 newly rehabilitated apartments (41 small one· bedroom units and 9 efficiencies). a resident manager's unit, a community room, a la,undry room and a central courtyard. Each unit has Hs own bathrc;om, kitchen and is equipped with central air, appliances and windo\iV C· covenngs. .. ...

II OMESTEAD TRASSITION +0 AFFORDABLE HOUSING (TAlIP)

ill operation since May 1997, tbis project provides scattered transitional housing for 40 fonnerly homeless families. During an 18-month transitional period. they are required. to . contribute 30% of their income to operating expenses. After the transitional period, the families take over the entire financial responsibility for their apartment and continue to live in the apartment they already occupy. In this way, the support framework ·developed during the transition period remains in place and the family avoids the disruption ofa move. During the transitional period adult family members balance part-time work with vocati9nal training, . which enables them to earn enough to support their families by the end of the transitional period. .

~OUTH DADE TRANSITION TO HOME OWNERSHlP (THOP)

This program began accepting families in September 1999) and while it is similar in nature to the Homestead project) this program provides a two-year transitional period at the end of which the families 'lrchase the scattered homes in which they are living. The costs associated with the transitionalperioct

.JT ~O families are fully funded. by a grant of $2.5 million fi'om the U.S. HUD Supportiv.e Housing Program.

2 Revised January 2006

LITTLE RIV!1:R BEND (FORMERltY CITY VIEW AP~RTMENTS) ~ I

Opened J'anuary 2005 Located iri the Little River area of Miami, this project provides permanent housing f~r 66 previously homeless individuals under the Section 8 SRO progra~, S~e1ter ~,~us ~are rrogram,an~ Supportive I-I0u~.~g p~~gral!l' The apartments also have a community room and a laundry room. .

.. ~ .~ .~

SECTION 8 MAINSTREAM VOUCHERS PROGRAM-

ffiID bas granted Carrfour Supportive Housing fifty (50) Section 8 Mainstream Vouchers fot a five (5) year period' to . help subsidize the housing cost for any homeless person experiencing disabilities (mentally and ppYsically). . , .

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Carrfour Pro'grams In Development

SUNSOUTH PLACE - scheduled to open in 2006. I

Can-four has been awarded operating subsidies by US HUD ror this project, that will be located in the South Beach area. The building will provide 5'5 units of permanent housing for previously hOJ\lleless individuals under the Section 8 ' SRO progra~, and 15 market rate units.

HARDING VILLAGE - scheduled to open January 2006

Located in the northern part of Miami Beach, this project will provide housil)g for 74 fonnerly homeless adults and 18 low income individuals. The project has been selected for funding by the State and the County ..

3 Rev,'sed January 2006'

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CARRFOUR BOARD OF DIRECTORS

2006

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CARRFOUR BOARD OF DIRECTORS

2006

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