Schematic design presentation and we are still in the design phase of the project. After the information on contracting will be available closer to construction start. But we have block 49 general contractor here today available to answer questions about the efforts to maximize local participation and we also have b. J. Bookstore with ycd here today who can speak to work force referral process if you have any questions. There are a few additional milestones that need to be reached before the first Affordable Housing residents can move into block 49 units. Once amco has an approved dodda option to ground lease, they can apply for bond financing and tax credit and as soon as financing is in place, lennar will transfer the land and subsequently a ground lease will be signed. And that will happen right before construction starts in june. Approximately six months before project completion Development Team of said marketing of property in accordance with an Agency Approved marketing plan, an
In the right order are their names are entered properly rather than just having an open portal for none . ~ anyone . No, yeah, we have very complex and simple at the same time procedures of about the certificate of preference lotteries. We have staff that monitor, work with the developers and actually monitor that lottery and ellis act Housing Preference act lottery will come into play with these units as well. And, so, we are hands on working. We attend the lottery to ensure that the certificate of preference lottery is being done. We also we do do the developer will have to reach out to or actually finance our reaching out to the certificate of preference holders that we have. And when we do reach out to them, we ask them to contact us if theyre intending to apply for a unit so we can make sure were really working with them. So, when we see the list that comes back from the developer about who is in the lottery, we know who has been who intended to apply. If theyre not on that list t
Time procedures of about the certificate of preference lotteries. We have staff that monitor, work with the developers and actually monitor that lottery and ellis act Housing Preference act lottery will come into play with these units as well. And, so, we are hands on working. We attend the lottery to ensure that the certificate of preference lottery is being done. We also we do do the developer will have to reach out to or actually finance our reaching out to the certificate of preference holders that we have. And when we do reach out to them, we ask them to contact us if theyre intending to apply for a unit so we can make sure were really working with them. So, when we see the list that comes back from the developer about who is in the lottery, we know who has been who intended to apply. If theyre not on that list then we make sure they are if they want to be. Okay. Now, im happy im sorry, [speaker not understood], i apologize. If you feel like you need to, please come up. Im going t
The sixth amendment simply changed how we provide 50 ami units. On the transaction side we treat block 49 as if it is agency stand alone Housing Project but with one very important distinction, mainly ocii doesnt put any money into the project. It is lennar responsible to cover [speaker not understood] needed to carry out the project. ~ funding grasp needed to carry out the project. 49 units are available to individuals [speaker not understood] 35,000 annually for one individual or 48,550 per year or a family of four. This is slightly lower than the number, 2013 numbers that i presented in october, a decrease from hud. And block 49 unit rents will range from 9 24 for one bedroom to 1,131 for a three bedroom slightly lower as you saw in october. There will be 27 one bedroom units, 21 twobedroom units, 12 three bedroom units, totaling 59 units for lowincome families and one managers unit. The average bedroom size for one bedrooms is 6 16 square feet and for three bedroom is 1,176 square
Workers as defense related factories wind down production. It is to allocate an additional 10 million to the office of economic adjustment from the general operations and Maintenance Fund. The office of economic adjustment helps communities across america when a factory shuts down. Over the last decade of war, middleclass factory workers have stepped up to the plate to make sure our troops on the battlefield have the weapons and equipment they needed as we transition away from two long wars and as defense production lines slow down, we cannot leave these workers with only a pink slip in their hands. Thats where the office of economic adjustment comes in. This little known but very Important Office in the pentagon helps communities that would otherwise be devastated when a factory shuts its doors for the last time. The office of economic adjustment provides grants and Technical Assistance to communities so they can develop their own strategies to transition to a postwar economy. Just th