CRA Summit for South St. Petersburg June 19, 2018 Enoch Davis Recreation Center
SUMMIT GOALS Overview of activity in CRA since inception Update on key projects inside & outside of CRA Hear community input on CRA issues, concerns, and suggestions Provide input on next CRA budget Make suggestions about CRA grant programs
BEFORE WE START Sign in and provide email address! South St. Petersburg Annual Report Written comments can be entered on CRA webpage Archive of TV recording Opening on South St. Petersburg CRA Citizen Advisory Committee www.stpete.org/cra
Overview of the Community Redevelopment Area Established in 2015 by City/County; will sunset in 2045 Largest Tax Increment Financing District in Pinellas County Creation of a Citizen Advisory Committee only one in St. Petersburg The South St. Petersburg Approach People -based revitalization, not Place based. Encouraging/Incentivizing private investment.
The South St. Petersburg Approach Education and Workforce Development Early Childhood Education Teen Workforce Readiness/Entrepreneurship Help Hard-to-Hire Residents Full-service Workforce Program Sustainable and Equitable Growth for South St. Petersburg CRA Housing and Neighborhoods Affordable Housing Focus Multifamily Housing Construction/Rehab Increased Homeownership Business Development and Job Creation Commercial Corridor Revitalization Supporting Local Businesses Commercial Incentives/Capital Access Upgrade Physical Appearance/Conditions
Major Projects since 2015: Completed, Ongoing and Upcoming
Major Completed/Ongoing Revitalization Projects since 2015 Completed since 2015 Callaloo s at the Manhattan Casino Full-service restaurant/pipo s commissary Deuces Live/I-275 Gateway Feature Underpass Lighting and Mural Project Completed in October 2017 Workforce Contract Extension Extend/Increase project with PERC - $217,000 Expand support services for clients up to $400,000 Deuces Live/Warehouse Arts District Plan Infrastructure improvements such as parks, Trail lighting, parking facilities Completion expected in Summer 2018
Major Completed/Ongoing Revitalization Projects since 2015 Tangerine Plaza RFP Ongoing and Upcoming Issued in early May/Due on July 2 nd Mayor makes decision in August/City Council in September St. Petersburg Commerce Park Site 6 employers projected/construction beginning by late summer At least 65 jobs with incentives for hiring CRA and/or low-to-moderate income residents Enoch Davis Youth Farm Project 36,000-SF site NW of Recreation Center Focus on STEM/entrepreneurial training for HS students Full-Service Workforce Development Program Serve all residents of CRA with educational, career certification and training opportunities Release RFP in Fall 2018
Other City Revitalization Projects near the CRA City of St. Petersburg Tropicana Field Master Plan Contract approved with HKS for Phase II planning effort Public engagement efforts beginning in Summer 2018 Plan to be completed in late 2018 Innovation District Creation of board stakeholders RFP on City land at 4 th St S/11 th Ave S Rezoning portions for greater densities Streetscaping on 6 th Ave S in Medical District Skyway Marina District Sur Club 300 units with retail Getaway Restaurant and WaWa City Trail Extension on 37 th St S
Housing and Neighborhood Revitalization
Overview of Housing and Neighborhood Program Increase multifamily housing opportunities to expand affordable housing Expand homeownership Rehabilitate outdated housing units Preserve neighborhood character and identity Streamline regulatory processes Provide incentives for housing development Multifamily Residential Rehabilitation Affordable Multifamily Residential Rebate
Housing Expenditures in the CRA since 2016 CRA TIF Expenditures CRA Program FY2016 FY2017 Total % of Total Total $372,262 $1,166,523 $1,538,785 100% Housing & Neighborhood Revitalization 2% MF Residential Rehabilitation $18,760 $14,952 $33,712 2% Affordable MF Residential Rebate $0 $0 $0 0%
Assessment of Housing & Neighborhood Revitalization Few multifamily applications Annual grant application cycle is not responsive to project timetables leave funding available year-round Focus more on affordable housing delivery and single-family renovation and new construction Target market multifamily property owners and developers Incentivize affordability in Rebates for Residential Rehabilitation program
Overview of City Housing Efforts in CRA (2009-17) Neighborhood Stabilization Program (I/III) Annual Sources of Public Housing Funding Federal Funding from U.S. HUD Community Development Block Grant Emergency Solutions Grant Home Investment Partnership Grant State Housing Initiative Partnership Program City of St. Petersburg Housing Capital Fund Total Citywide Investment in affordable housing - +$25 million Before After
What does Affordable mean? Income Limit by Number of Persons in Household Percentage of Area Median Household Income 30% 50% 80% 120% 1 $13,450 $22,400 $35,800 $53,760 2 $16,460 $25,600 $40,900 $61,440 3 $20,780 $28,800 $46,000 $69,120 4 $25,100 $31,950 $51,100 $76,680 5 $29,420 $34,550 $55,200 $82,920 6 $33,740 $37,100 $59,300 $89,040 7 $38,060 $39,650 $63,400 $95,160 8 $42,200 $42,200 $67,500 $101,280 9 $44,730 $71,568 $107,352 Refer to HUD 10 $47,286 $75,658 $113,486 Source: State Housing Initiative Partnership Program s 2018 Income and Rent limits for Pinellas County
What does Affordable mean? Rent Limit by Number of Bedrooms in Unit Percentage of Area Median Household Income 30% 50% 80% 120% 0 $336 $560 $895 $1,344 1 $373 $600 $958 $1,440 2 $519 $720 $1,150 $1,728 3 $681 $831 $1,328 $1,995 4 $843 $927 $1,482 $2,226 5 $1,003 $1,023 $1,636 $2,455 Source: State Housing Initiative Partnership Program s 2018 Income and Rent limits for Pinellas County
Overview of Neighborhood Stabilization Program Neighborhood Stabilization Program City receives $9.49 million in NSP-1 and $3.71 million in NSP-3 $10.4 million in the CRA Outcomes under NSP-1/NSP-3 Renovated 36 MF units and 4 SF units Demolished 22 dilapidated structures Acquired 87 properties 14 SF renovations, 31 reconstructions, demolished rest and held in land bank
Other City Investment in Affordable Housing (2009-17) % of Total Housing % of Total Housing Units FY CRA Investment Investment CRA Units Assisted Assisted 2009 $149,173 20.0% 13 23.2% 2010 $664,141 43.8% 45 45.9% 2011 $673,724 59.9% 36 58.1% 2012 $701,376 51.4% 35 46.7% 2013 $592,543 49.9% 26 40.0% 2014 $689,057 55.7% 34 54.8% 2015 $878,598 66.1% 66 62.9% 2016 $778,702 50.7% 39 41.9% 2017 $757,891 55.6% 40 58.8% Total $5,885,204 51.6% 334 48.8%
Rebates for Residential Rehabilitation (2014-17)
Vacant/Boarded Houses in CRA and City (2013-17) 1000 900 800 700 861 602 City (ex. CRA) City Total 600 500 400 300 200 100 259 238 138 100 0 2013 2014 2015 2016 2017
New Residential Construction & Demolition (2010-17) 140 New Construction Demolition 120 100 # of Units 80 60 40 20 0 2010 2011 2012 2013 2014 2015 2016 2017
New Residential Construction v. Rehabilitation (2010-17) $16,000,000 New Construction Rehabilitation $14,000,000 Permit Value $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 2010 2011 2012 2013 2014 2015 2016 2017
Business Development and Job Creation
Overview of Business Development Program Support Small Businesses Revitalize Priority Corridors Expand Access to Capital Streamline Regulations Incentivize Private Investment Commercial Site Improvement Commercial Building Interior/Tenant Improvement Commercial Revitalization Program
Commercial TIF Expenditures in CRA since 2016 CRA TIF Expenditures CRA Program FY2016 FY2017 Total % of Total Total CRA Expenditures $372,262 $1,166,523 $1,538,785 100% Commercial Corridor Expenditures $303,502 $541,970 $845,472 55% Commercial Revitalization Program $25,000 $138,784 $163,784 11% Commercial Site Improvement $188,428 $217,726 $406,154 26% Commercial Building Interior/Tenant $90,074 $185,460 $275,534 18%
FY2016 CRA Commercial Grant Awards 32 Projects Awarded Funding 19 - Commercial Site Improvement 5 - Commercial Interior 7 - Combined Applications 1 - Commercial Revitalization Program Totaled $331,000+ in Awards, leveraging over $800,000 in estimated construction costs
FY2017 CRA Commercial Grant Awards Review Criteria/City Council approval 36 - Projects Awarded Funding 12 - Commercial Site Improvement 8 - Commercial Interior Grants 12 Combined applications 4 - Commercial Revitalization Program $644,220 Awarded, leveraging $2.1 million in construction
New Commercial Construction v. Rehabilitation (2010-17) $16,000,000 New Construction Rehabilitation $14,000,000 Permit Value $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 2010 2011 2012 2013 2014 2015 2016 2017
Assessment of Commercial Corridor Revitalization Reimbursable awards are burdensome to many businesses Identify barriers to greater participation by micro and small businesses Family day-care operators do not fit well into this program Limit funding for some projects (i.e., landscaping, fencing, paving) Job creation/retention should be priority for awards Need more geographic diversity of awards Limit priority commercial corridors to one or two annually to focus investment
CRA-dle to Career Education, Job Readiness & Workforce Development
Overview of CRA-dle to Career Programs Workforce Development and Job Readiness Early Childhood Education Teen/Young Adult Job Readiness through summer and after-school internships Youth Entrepreneurship Training
CRAdle to Career Expenditures in the CRA since 2016 CRA TIF Expenditures CRA Program FY2016 FY2017 Total % of Total Total CRA Expenditures $372,262 $1,166,523 $1,538,785 100% Education and Workforce $49,928 $600,000 $649,928 43% Workforce Development $49,928 $600,000 $649,928
Outcomes for St. Pete Works! Pilot Permanent Residents Institutions Total Clients Initially Enrolled 43 36 79 Retention Rate for all Clients 60% 92% 71% Clients Employed 19 18 37 % of Total 44% 50% 47% Employment Rates for Actively Participating Clients 69% 60% 66% Characteristics of Employed Clients Full Time Employment 5 6 11 Annual Wage above Poverty 5 6 11 Part Time Employment 14 12 26 Annual Wage above Poverty 0 0 0
2018 Contract Extension with St. Pete Works! Budget, Partners and Programs Partner Amount Programs PERC $217,500 (STARS) Workforce Readiness St. Petersburg College/Pinellas Technical College The 2020 Plan Mt. Zion Human Services $382,500 Pinellas Opportunity Council Pinellas County Urban League TOTAL $600,000 Training (SPC, PTC), OJT funds, Program Evaluation & Reporting, Childcare, Mentoring, Client Needs, Career Center, Transportation
Assessment of CRAdle to Career Programs Need to broaden workforce offerings to entire CRA community, not just hard-to-hire Improve and expand day care offerings for infants Assist the family day care providers with training/facility Include teen workforce readiness & entrepreneurial training Ensure full-time/permanent employment is outcome of any St. Pete Works! program Prioritize permanent residents with workforce investment
What are the biggest issues facing South St. Petersburg?
What changes should be made to the CRA grant programs to expand their availability?
What should the CRA Budget Priorities be for FY2018-19?
Original Approved CRA Budgets (FY2016 and FY2017) SOURCES OF REVENUE FY2016 FY2017 Combined CRA Revenue $468,163 $1,219,201 $1,687,364 USES OF CRA REVENUE CRA Investments $ % of Total $ % of Total $ % of Total Business Development $230,898 49.3% $487,681 40% $718,579 43% Education & Workforce Development $50,000 10.7% $609,601 50% $659,601 39% Housing & Neighborhood Revitalization $187,265 40.0% $121,920 10% $309,185 18% Total CRA Investments $468,163 $1,219,201 $1,687,364
Potential Revenue/Expenses (FY2018 and FY2019) FY2018/19 CRA REVENUE $5,009,003 USES OF CRA REVENUE WORKFORCE/BUSINESS WORKFORCE/HOUSING BALANCED Business Development $2,003,601 40% $500,900 10% $1,652,971 33% Education & Workforce $2,504,502 50% $2,504,502 50% $1,652,971 33% Housing & Neighborhood $500,900 10% $2,003,601 40% $1,652,971 33% TOTAL CRA INVESTMENTS $5,009,003