Affordable housing proposed for AHS site

Leon Bloodworth

Leon Bloodworth

DAVID ADLERSTEIN | The Times
Published: Wednesday, December 5, 2012 at 14:22 PM.

Land adjacent to the former Apalachicola High School could eventually sprout 44 new apartments, designated as affordable housing, if a proposal now in the works before both the city and school board crosses a series of local, state and federal hurdles.

The plan to transform the corner of Avenue L and 17th street into an affordable housing complex is being championed by local real estate broker Leon Bloodworth, who hopes this week to secure purchase of the property from the city and school board, specifically to develop the apartments.

Bloodworth is spearheading the project on behalf of a Tallahassee developer who intends to buy the property for $350,000, and then take advantage of federal housing tax credits to finance the project.

At their Nov. 20 special meeting, the school board approved advertising for sale of the property for a minimum bid of $211,000, which Bloodworth had calculated represents the school district’s ownership of about 60 percent of the site.

The remaining 40 percent, which constitutes what were city-owned streets when Apalachicola deeded the property to the schools four decades ago, would amount to about $139,000, with that money going to city coffers if the sale goes through.

At the city’s Nov. 27 special meeting, Bloodworth outlined for commissioners the proposal, which he stressed was for affordable housing, rather than Section 8 or subsidized housing.

“It’s for working folks,” he said. “And it has to be affordable for 50 years.”



1 2 3
Next

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

COMMENTS
▲ Return to Top