Davie CRA presentation outlines plan to extend agency to 2039 and direct county funds to townwide affordable housing

Philip Hosey, the town’s assistant administrator and Community Redevelopment Agency director, presented an interlocal agreement between the Davie CRA, the Town of Davie and Broward County that would extend the CRA’s term through September 2039 and create an annual county contribution for townwide affordable-housing programs beginning in fiscal year 2028.

“This agreement accomplishes two significant goals,” Hosey said, explaining that the extension would allow the CRA to operate another 12 years and that county contributions would be used for affordable-housing initiatives townwide. He read from Broward County’s 10-year affordable housing master plan, which the presentation said identified a homeowner supply gap of 4,644 units and a rental supply gap of 3,696 units in Davie.

Under the terms described in the presentation, the CRA would stop receiving funding from other taxing entities after fiscal year 2027 (entities named in the presentation included Broward County, hospital districts, the Children’s Services Council and the Central Broward Water Control District). Starting fiscal year 2028, the CRA would receive funding from the Town of Davie and an annual county contribution from Broward County running…