A developer has submitted a proposal to build Graham Ross Towers on property controlled by the Southeast Overtown / Park West Community Redevelopment Association.
The proposal was submitted in response to an RFP by the CRA for land adjacent to the Historic Mt. Zion Missionary Baptist Church. Only one submission was received.
The CRA board will consider the proposal at a meeting on July 22.
Tampa affordable housing developer Blue Sky Communities submitted the proposal, using an affiliate called Mt. Zion Development Associates, Ltd.
The developer will use 9% Tax Credit financing and may also apply for SAIL funds from the Florida Housing Finance Corporation.
Graham Ross Towers is proposed to include:
122 elderly affordable housing units
5,000 square feet of ground floor retail
208 parking spaces within the first four stories, most of which will be available for public use
The property will feature 12 studios, 96 one-bedrooms, and 14 two-bedrooms. 70% of the units will be set aside for residents making 60% or less of the area median income, 15% set aside for residents making 30% or less of the area median income and the remaining 15% set aside for residents making 80% less of the area median income.
Amenities will include covered parking, an exterior deck, and multiple common spaces.