New complex on Daytona Village site set to open in January

Filed under DAYTONA BEACH

BY JAMES HARPER
DAYTONA TIMES

Emory Counts, Economic and Community Development director of Daytona Beach, told the Times this week that Villages at Halifax II is expected to begin occupancy by January 2014.

Villages at Halifax II was originally the site of Daytona Village, which was foreclosed on and bought by the Daytona Beach Housing Authority.

Thirteen apartments will initially be available at Villages at Halifax II. Plans call for 70 housing units.

Thirteen apartments will initially be available at Villages at Halifax II. Plans call for 70 housing units.

The original Daytona Village was more than 40 years old. The complex consisted of 13 concrete block buildings, which could be entered from Mary McLeod Bethune Boulevard or Keech Street.

Counts said 13 apartments will be available. Plans call for about 70 housing units upon total build-out.

Foreclosure by previous owners
Former Daytona Village Apartment owners Surujnauth and Liliwatti Bharrat   defaulted on a private mortgage, foreclosure proceedings ensued, and their Department of Housing and Urban Development (HUD) Housing Assistance Payment contract was cancelled.

The property went into receivership and was ultimately purchased for preservation by the city after a completed foreclosure using Daytona Beach’s Neighborhood Stabilization Program funds awarded under the American Recovery and Reinvestment Act (ARRA).

So far, a little over $3 million has been spent on construction.

Estimated at $12 mill
Currently there is no more federal or state funds are expected. However, Counts said there could be some additional private investment into the project.

The project is expected to cost $12 million total, which officials have yet to secure.

Counts said a significant portion of the money the city had toward the project was used to purchase the property, remove the asbestos and demolish the buildings.

The first phase of the development included Neighborhood Stabilization Program (NSP1) funds of $2,557,634.

Rent subsidies
Counts is working with former Daytona Beach Housing Authority Executive Director Pete Gamble.

The mixed-income complex will include a laundry room, computer lab and community center.

Counts and Housing Authority officials are hopeful they’ll eventually get the full $10 to $12 million they estimate they’ll need.

Funding will ultimately dictate what’s built, said Counts.

So far, the city has received $3.6 million in federal grants for the project.

The first phase will be for low-income tenants who will receive federal rent subsidies.

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