Tampa Housing Authority

YouthBuild School

C.C.G. Developers

Non-profit organization working in collaboration with the Tampa Housing Authority

Damien Beal Pascale D. EdouardSteve Baumann

Development Concept

Renovate an existing office/warehousebuilding into a 24,223 square foot YouthBuildtraining school, offices, storage facility and daycare center

Site is located at 808 North Rome Ave, Tampa FL

Renovation is intended to engage and support the community

Stimulate the local economy

Development ConceptSite Location

Development ConceptSite Location

DevelopmentConcept

Enterprise Zone

Development Concept

Development Concept

Development Concept

Development Concept

Services to be provided:

YouthBuild FacilityGED classroomsTrade classrooms

Carpentry, HVAC, Plumbing & Electrical

Professional office space rentals

Storage space rentals

Day care facility

Parking

Development Concept

Zoning

Zoning Classification: IG (Industrial General)

Allows for office, vocational schools storage and daycare uses

Maximum Height: 60 feet. Actual is 24 feet

Minimum Lot Size: 5,000 sq.ft. Actual is 1.02 acres

Maximum F.A.R. .75 allowable Actual F.A.R. .54

Development Concept

1st level YouthBuild School

classrooms Rental storage

space

Day care school

Existing building to be

demolished

2nd level office space

Building & Site Plan

Market Analysis and Demands

Community Need

Approximately 37.7% of residents do not have ahigh school diploma

Roughly 34.4% of residents living below the poverty line

1.6 million shortage of qualified construction and skilled workers

Community Need

Market Analysis and Demands

Market Analysis and Demands

Community Need

There are only 2 daycare centers within 1 mile of thesite. The closest is approximately .5 miles away.

There are very few office rentals available near the sitewith the closest office being .7 miles from the site.

The closest storage facility is located 1.2 miles from thesite. With the University and hundreds of apartments

adjacent to the site, the need for storage is substantial.

Collaborations & Partnerships

Hillsborough County Health Dept.

Drug Abuse Comprehensive

Counseling Office (DACCO)

Tampa Bay Workforce Alliance

Habitat for Humanity (Hillsborough and Pinellas County)

Hillsborough County School System

STC Partners

University of South Florida

University of Tampa

· Head Start

Financials

Construction/ Rehabilitation $1,550,272

Development Cost$52,000

Contractors Insurance $28,000

Permitting $26,000

Developers Fees $259,000

Contractor's Profit $180,000

Soft Cost $401,378

Financial SourcesSI Fund Grant

$500,000

Brownfield Designation$39,300

Enterprise Zone$41,300

YouthBuild Grant$200,000

CDBG$100,000

Deferred Developer Fee$159,000

Total Equity$1,039,600

Total Development Cost$2,496,650

Total Debt Service $1,457,050

Cash Flow

Effective Annual Income $652,600

Operating Expenses$388,290

Debt Service$93,280

Net Operating Income$175,824

Community Impacts

Increase the number of jobs in the area

Advance the vocational skills of 25 to 40 youth per year

Employ YouthBuild employees, teachers, property managers, day care employees, maintenance employees and lawn care companies

Community Impacts

Cater to community members with construction skills

Fuel the lost skilled construction labor during the recession

Community Impacts

Economic benefits $500,000 per year into the local economy

Salaries from program graduates

Permanent employees of the facility will contribute to the area economy

Construction will generate over $1,000,000 of economic benefits to the area

Enhance the aesthetics of neighborhood and continue the revitalization momentum

Decreased crime due to employment opportunities for disadvantaged youth

Threats & Challenges

Potential Threats

The unexpected could possibly happen where the economy could move into another recession greatly impacting the construction industry.

In any renovation there are unknown issues that could greatly impact the construction costs and put pressure on the sustainability of the project.

Anticipated grant money for construction may not be available prior to construction causing the project to rely on more expensive private money.

Threats & Challenges

Potential Threats

Renewing operating grant money after 3 years may not be available causing the project to search for other revenue

Competition form other sources such as storage facilities and office buildings

Tampa Housing Authority

YouthBuild School

Questions