Posted by: tampachamber on Thursday, April 11, 2019
Last week, members of the Greater Tampa Chamber’s Workforce Housing Caucus met with Eileen Pope, Senior Vice President, Community Development Banking and Erin Smith, Vice President, Commercial Real Estate Banking-Community Development Banking with Bank of America to tour the ENCORE! apartments in downtown Tampa. Caucus members learned more about Bank of America’s Community Development Banking workforce housing initiative and the many factors that impact access to workforce housing such as policy, transportation, wage stagnation, and housing shortages. ENCORE! is a public-private partnership between Banc of America Community Development Corporation (BACDC) and the Tampa Housing Authority (THA). ENCORE! is one of many BACDC redevelopments around the country that illustrates their ability to structure complex financing transactions that include significant public support; including various federal, state and local grants. Together, BACDC and THA are demonstrating their overall commitment to the revitalization of distressed neighborhoods within an urban core to attract additional outside investment by creating ENCORE!, a vibrant, sustainable community in Downtown Tampa. Currently, there are four mixed income residential buildings with ground floor retail complete. There are waiting lists for all affordable and market rate units. The Chamber’s Workforce Housing Caucus will focus on determining a clear definition of workforce housing aligned with the business community’s needs, research opportunities to understand workforce housing needs and solutions in Tampa Bay, and identify action items the Chamber can implement into its legislative advocacy initiatives. Members of the Workforce Housing Caucus include: John DeLaVergne, DeLaVergne & Company, Abbye Feeley, Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A., Bill Goede, Bank of America, Jamie Harden, Creative Sign Designs, Marilyn Healy, Akerman LLP, Derek Holmes, Tec-Link, LLC, Rob Ledford, Baker Barrios Architects, Tim Marks, Metropolitan Ministries, Ryan Toth, The Beck Group, Lauren Valiente, Foley & Lardner LLP, John Wakefield, VW Multifamily, and Randall Woods, Florida Blue.