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Home My WebLink AboutMOU BETWEEN AUGUSTA, GA HOUSING AND COMMUNITY DEVELOPMENT DEPT AND WARRICK DUNN CHARITIES AND WARRICK DUNN COMMUNITIES Memorandum of Understanding Laney Walker / Bethlehem (LW/B) Revitalization- "Warrick Dunn Charities"and "WD Communities" � This Memorandum of Understanding ("MOU") is entered into on the `�' day of , 2019 by and between the Augusta, GA's Housing and Community Development Department (HCD), Warrick Dunn Charities (WDC) and WD Communities. HCD serves as the Augusta, GA's manager for LW/B. WDC serves as a supportive services partner, and WD Communities serves as an investor/developer partner. The above named parties to this Memorandum of Understanding recognize the importance of facilitating developments within the LW/B neighborhoods to include increasing homeownership opportunities for low to moderate income households as a joint, coordinated effort. This MOU and the accompanying program descriptions set forth the terms and conditions under which the parties express their intent to present and execute a comprehensive approach to achieving the goals of this initiative. It is expected that a signed Development Agreement will evolve from this MOU. Part I. Structure and Purpose of Initiative This local initiative will be known as the Laney Walker / Bethlehem Redevelopment Project Initiative (the "Initiative"). The greater Initiative is designed to facilitate the development of residential housing and mixed-use development located on property currently owned by the Augusta, Georgia Land Bank Authority (AGLBA). Augusta, GA has concluded that it is beneficial to act as a team for the purpose of increasing homeownership and rental housing opportunities, as well as retaining the cultural and historic context that defines the Laney Walker&Bethlehem communities. Part II. Partnership Goals The goal of the Initiative is to develop a three(3)phased partnership which will: • Foster comprehensive revitalization, in partnership, and the promotion of new single- family housing in the LW/B communities; • Increase affordable homeownership opportunities in LW/B through approved participating lenders and use of financing assistance offered through the LW/B bonds funds,various HUD programs and WD Communities investment; • Foster the use of architecturally compatible building design that captures the character and history of the LW/B communities,utilizing the LW/B Pattern Book as a basis; • Increase homeownership by providing targeted counseling and education to potential home buyers; • Conduct outreach activities to potential renters and home buyers in the community to inform them of housing opportunities; • Provide ongoing supportive(wraparound)services for home buyers;and • Build a model of partnership that can be replicated in other communities. Augusta Housing and Community Development Department, Warrick Dunn Charities,&WD Communities MOU Part III. Responsibilities of the Parties The parties will have the following responsibilities: a. Phase 1: Homes for the Holidays • HCD,in partnership with area Nonprofit,will; o Provide affordable single-family housing unit o Provide homebuyer subsidy(up to$25k) • WDC will: o Furnish house o Provide$5,000 of Down Payment Assistance, if allowed/needed • Homes currently identified: o 30 Ash Street,Augusta, GA o 2989 Pepperdine Drive,Augusta,GA Future Homes: Up to five(5)single family homes in Augusta, GA(not guaranteed by WDC) b. Phase 2: Development Partnership • HCD to work with WD Communities to identify up to five(5)Single Family lots • HCD to work with WD Communities to identify affordable house plan (100k Club Program)for each identified lot • HCD and WD Communities to agree upon deal structure(land infusion, construction split,down payment, etc.) • HCD and WD Communities to identify financial sources(Augusta,Federal Home Loan Bank,Bank, Investors,Donors,etc.) • Other c. Phase 3: Support Service Wrapped Model • HCD and WDC to define individual Mission Pillars as follows... o Mental Health and Wellness o Educational Attainment o Workforce Development and Entrepreneurship o Financial Literacy and Capability • HCD and WDC to create an impactful Augusta,GA Support Services Wraparound Model that can be used as a Model and replicated for other Communities across the Country • Other Part IV. Performance Objectives The overall performance of the Initiative will be evaluated on the completion of Phase 1, 2 and 3 (as shown above),and the number of residents who are actually able to obtain housing. To date, HCD has undertaken an extensive effort to ensure the success of this revitalization. Public meetings were initially held to receive stakeholder input, and on-going meeting are being held to keep the public informed. Land acquisition activities have resulted in significant and meaningful site control. Master plans have been designed to reflect the activity to date, while guiding future endeavors. Augusta Housing and Community Development Department, Warrick Dunn Charities,&WD Communities MOU A Pattern Book has been designed to guide the production of architecturally compatible designs. Finally,a complete array of professionals has been procured to assist in the continued design,planning, construction,and marketing of the LW/B project as a whole. Part V. Public Relations The parties agree that initially, and throughout the term of this MOU, marketing and public announcements relative to Initiative activities be coordinated among and approved by both HCD, WDC,and WD Communities prior to public release. Part VI. Relationship of Parties Nothing in this MOU shall be deemed to constitute or create an association, partnership or joint venture among the participating parties,or any agency or employer-employee relationship.No party is granted, nor shall it represent that it has been granted, any right or authority to assume or create any obligation or responsibility,expressed or implied,on behalf of,or in the name of another party, or bind another party in any manner. Part VII. Term; Early Termination The term of the MOU is twelve (12)months from the date of the execution. It is the intention of the participants to work diligently to insure that within 90 days, all of the Initiative Development Goals shall be met. At that time, renewal of the partnership may be extended upon the agreement of both parties.The participating parties reserve the right to terminate the MOU with 90 days notice. Part VIII. Administration and Reports HCD will facilitate monitoring the Initiative and providing bi-monthly reports to the participants. Part IX. Additional Provisions HCD, WDC,and WD Communities shall each identify a primary contact and an alternative contact. Part X. Acknowledgements As the authorized representative for my organization,I have read this MOU regarding the Initiative.I agree that it accurately describes the purpose,operational plan and roles of the Initiative participants.I understand that this document is not a contract and is not a legally binding agreement. However, by executing this Memorandum of Understanding, I further understand that the participating parties are forming an alliance to accomplish the goals set forth herein. Augusta Housing and Community Development Department Warrick Dunn Charities,&WD Communities MOU I- 4,,i I •t V 0 . r In Witness Whereof,the parties have set their hands and seals as otthe date first written al30e.O ' 6' 3 0 g fit.,, 0.,,,,,,.....-- I 71 14.EOGt 'y Attest: Augusta,Ge i � i,: ^. ` 4A :y: Date: �� /V /l�� HAardie Davis Vier ' Ma or By: f( Date: / / vi s A Interim Administ ato By: Date: ' 11 bc Iia horn w` ce cher As ' ecto ,HCD Approved as to Form by: te: 70(0' Augusta,G Law P epartment Warric // unn Charities /d By: eur a,e 9'9G/620" Date: / /i el Name: Whitne .Jackson Title: Executive Director WD Communities By: Date: 7 4.s/ p Name: Warrick D. Dunn Title: Founder/Executive Director Augusta Housing and Community Development Department Warrick Dunn Charities,&WD Communities MOU