Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Execute A Purchase And Sale Agreement With BHP Community Land Trust To Sell Five City-Owned Vacant Parcels, In The Amount Of $151,000.00, Located In Low- And Moderate-Income (LMI) Areas, For The Future Development Of Affordable And Workforce Housing For Sale/Rent.
Strategic Plan Focus
Quality of Life & Strong Neighborhoods
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
Affordable and workforce housing remains a critical priority for the City of Hollywood to ensure that low- and moderate-income (LMI), as well as moderate-income working households, are able to remain and thrive within the community. The five subject properties are located in LMI-eligible areas, allowing the City to leverage additional housing resources, including down payment and purchase assistance subsidies, to maximize long-term affordability and housing access.
The redevelopment of these vacant City-owned parcels represents an opportunity to eliminate underutilized land while introducing new housing stock that supports neighborhood stability, enhances community character, and expands housing choice. The proposed development will provide a mix of housing opportunities, including:
• First-time homeownership opportunities
• Workforce housing for moderate-income households
• Rental housing on multi-unit sites
Procurement Process:
The City issued RFP-306-25-SA on June 11, 2025, seeking proposals for the sale and redevelopment of City-owned properties for affordable housing purposes.
Three proposals were received:
1. Alexander Goshen (Sites A, B, D, and E) - deemed non-responsive
2. BHP Community Land Trust (Sites A, B, C, D, and E)
3. Les, Inc. (Site A only)
Following evaluation by the Selection Committee, proposals were scored based on qualifications, experience, development approach, methodology, financial capacity, purchase offer, and local preference.
After review and oral presentations, the Committee’s final scoring resulted in:
• Site A: BHP Community Land Trust (3 points); Les, Inc. (6 points)
• Sites B-E: BHP Community Land Trust received the highest overall scores
Based on the evaluation results, the Selection Committee recommends award to BHP Community Land Trust for all five (5) properties.
Property Locations:
• Site A: 514204013860, Farragut Street (adjacent to 2340 Farragut Street)
• Site B: 514216011640, S 24 Avenue (adjacent to 617 S 24 Avenue)
• Site C: 514216025910, Lincoln Street (adjacent to 2814 Lincoln Street)
• Site D: 514221060011, 917 S 29 Avenue
• Site E: 514222100511 & 514222100510, 2030-2034 Dewey Street (double lot; multi-unit rental development)
Appraisals:
In accordance with Section 30.20 of the City Code, independent appraisals were conducted to determine fair market value:
• First Appraisal (December 15, 2025): The Urban Group, Inc. - $1,998,000 total valuation
• Second Appraisal (March 18, 2026): South Florida Real Estate Appraisals LLC - $1,828,500 total valuation
• Third Appraisal (May 1, 2026): Conducted as required under the City Code due to a variance exceeding 25% for certain individual parcels, specifically the Dewey Street and Farragut Street sites. The appraisal was conducted by Joseph J. Blake and Associates, Inc. and valued the Dewey Street parcels at $894,000 and the Farragut Street parcels at $252,000.
These appraisals ensure compliance with applicable legal requirements and support a fair and transparent disposition process.
Benefits:
Approval of this item will advance the City’s long-term housing goals by:
• Expanding affordable and workforce housing opportunities
• Supporting homeownership and rental housing options for LMI and moderate-income households
• Redeveloping vacant City-owned properties into productive residential uses
• Enhancing neighborhood stability and community vitality
• Maximizing the use of City resources, including available housing subsidies
These developments will strengthen housing affordability, improve neighborhood conditions, and support sustained community investment in targeted areas of the City.
Fiscal Impact:
The City will receive $151,000.00 from BHP Community Land Trust for the purchase of City-owned vacant properties and development of affordable and workforce housing.
Recommended for inclusion on the agenda by:
Ryon Coote, Housing and Community Development Director
Adam Reichbach, Deputy City Manager