FHDC City of Woodburn Presentation_20150727 Rev01Proposal to Purchase City of Woodburn site located at
1750 Park Avenue
by
Farmworker Housing
Development Corporation
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Brief introduction of FHDC:
Founded in 1992
Mission
278 Units located in Woodburn, Salem, Stayton, Sublimity and Independence, Oregon
Provide housing to nearly 1,300 individuals
Nuevo Amanecer
Woodburn
Esperanza Court
Woodburn
Colonia Libertad
Salem
Colonia Amistad
Independence
Westside
Stayton
Summerset
Sublimity
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Nuevo Amanecer, 1274 5th Street, Woodburn, Oregon
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Why we do what we do:
Need for affordable housing:
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Nuevo Amanecer IV, 1300 2nd Street, Woodburn, Oregon
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Nuevo Amanecer IV, 1300 2nd Street, Woodburn, Oregon
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Nuevo Amanecer IV, 1300 2nd Street, Woodburn, Oregon
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Workforce housing
45 units
Mix of unit sizes from 1 – 4 bedrooms
Proposed Project:
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Proposed Terms:
Appraised Value
Funding applications require exclusive site control
Site control by October 26 Council meeting
Will work with City of Woodburn on maintaining well
Will work with City of Woodburn on timing to acquire, preference is summer of 2016
Will work with City of Woodburn on timing for relocating storage up to early 2017 construction start
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- Direction from Council 7/27/15
- City orders appraisal 8/1 – 10/15, 2015
- Council declares site surplus 8/10/2015
- Negotiate form & terms of option 8/10 – 10/30, 2015
- Council considers / approves sale 10/26/2105
- FHDC prepares & submits funding application 3/2016
- State funding decision 6/2016
- Close acquisition 8/2016
- Start construction early 2017
- Occupancy early 2018
Proposed Project Timeline:
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