Takoma Park Rec Center RFQ Response City Council Presentation July - PowerPoint PPT Presentation

Takoma Park Rec Center RFQ Response City Council Presentation July 12, 2017

Agenda • Our Team • Past Projects • Role of Developer • Financing Options

Our Team Development Construction • Mission First (501c3) • Harkins Builders • The Henson Development • JDC Construction (MD MBE) Company (MD MBE) Design • Soto Architecture Zoning • Miller Miller Canby (Jody Kline)

Mission First – Lead Developer • DC-based nonprofit • Active in DC area since 2001 ▫ Over 1300 units completed ▫ 317 units in construction • Partner with community-based organizations and governments • Create community assets

The Henson Development Company – Co-Developer • MD MBE founded in 2000 • Works in urban and progressive communities • Success based on ▫ Collaborative approach ▫ Meaningful resident participation ▫ Creative financing ▫ Experienced professionals

Soto Architecture & Urban Design • DC-based MBE/SBE/DBE firm • Crafting lasting, sustainable structures that enrich our neighborhoods • Expertise in urban infill, mixed-use, multi- partner projects • Works collaboratively with Community • Designed multiple Award-winning developments for Mission First / THC team

Miller Miller & Canby – Land Use • Jody Kline as land use attorney • Extensive experience in Montgomery County • Recently worked with Mission First and THC on Mt. Jezreel Senior Housing project

Harkins Builders – General Contractor • Diversified work including affordable housing, community buildings • Extensive experience in Montgomery County • Working with Mission First and THC on Mt. Jezreel Senior Housing project

JDC Construction – Construction Manager • MD MBE founded in 2003 • Ensure on-time, within the budget, per plans and specs • Extensive experience working on public- Kenilworth Rec Center private partnership projects ▫ Currently construction manager for DC Schools and Rec Centers

Example Projects Mount Jezreel Senior Housing 420 University Blvd East, Silver Spring, MD (Mission First, THC, Miller Miller & Canby, Harkins)

Example Projects Fells Point Station 1621 Bank Street, Baltimore MD (Mission First, THC)

Example Projects House of Lebanon 21 O Street NW, Washington, DC (Mission First)

Role of Developer • Execute Vision of our Partners • Serve Diverse Vulnerable Populations • Create Sustainable Community Asset • Engage Local Residents • Local Hiring and Business Participation

Financing Options • Layered Financing • Public and Private Recent Financing Partners: ▫ Federal (LIHTC, HUD) • • • Bank of America DC Housing Authority City of Alexandria • • • Capital One Bank DC DHCD Virginia HDA ▫ State (MD CDA) • • • PNC Bank DC Housing Finance Agency Hudson Housing Capital • • • Raymond James State of MD DHCD, CDA RBC Capital Markets ▫ County (DHCA) • • • Prudential Mortgage City of Baltimore R4 Capital • • • Wells Fargo Love Funding AGM Financial ▫ Private Lender, Investor • • • Montgomery County Prince George’s County and others • Options for Purchase, Ground Lease

Thank you!