TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: October 27, 2026
Title
RESOLUTION 2026-16 - APPROVE A PURCHASE AND SALE AGREEMENT AND A FUNDING ASSISTANCE AGREEMENT BETWEEN THE DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY AND THE DELRAY BEACH COMMUNITY LAND TRUST, INC. FOR THE DISPOSITION OF THREE CRA-OWNED VACANT LOTS LOCATED AT 630, 704, & 708 SW 4th STREET, FOR THE DEVELOPMENT OF AFFORDABLE /WORKFORCE HOUSING.
Body
Recommended Action:
Recommendation
1. Approve a Purchase and Sale Agreement between the Delray Beach Community Redevelopment Agency and the Delray Beach Community Land Trust, Inc. for the purchase of three (3) properties located at 630, 704 & 708 SW 4th Street for a total purchase price of $15,000 for the development and construction of three (3) affordable/workforce single family homes pursuant to the Request for Proposals CRA No. 2026-01, in a form legally acceptable to the CRA Legal Counsel;
AND
2. Approve a Funding Assistance Agreement between the Delray Beach Community Redevelopment Agency and the Delray Beach Community Land Trust, Inc. for construction of infrastructure improvements, development and construction permit fees, and construction financing as permitted by the Request for Proposals CRA No. 2026-01 for the development and construction of three (3) affordable/workforce single family homes pursuant to the Request for Proposals CRA No. 2026-01, in a form legally acceptable to the CRA Legal Counsel;
AND
3. Authorize the CRA Board Chair to execute any and all related documents in a form legally acceptable to the CRA Legal Counsel.
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Background:
At the August 27, 2026, CRA Board meeting, the CRA Board awarded Request for Proposals CRA No. 2026-01 - for the Disposition of Three CRA-owned Vacant Lots for the Development of Affordable/ Workforce Housing (RFP) to the Delray Beach Community Land Trust, Inc. (CLT), and authorized CRA Staff to enter contract negotiations accordingly.
The three (3) Subject Properties being sold to the CLT are all located within CRA Sub-Area #8 and are further described in the table below.
Subject Properties’ Location & Legal Description:
|
Lot |
Property Address |
Parcel Control Number (PCN) |
Zoning Designation and Legal Description |
|
1 |
708 SW 4th Street |
12-43-46-20-88-000-0010 |
R1A - Single Family Residential SOUTHWEST 4th AND 7th Homes LT 1 |
|
2 |
704 SW 4th Street |
12-43-46-20-88-000-0020 |
R1A - Single Family Residential SOUTHWEST 4th AND 7th Homes LT 2 |
|
3 |
630 SW 4th Street |
12-43-46-20-88-000-0030 |
R1A - Single Family Residential SOUTHWEST 4th AND 7th Homes LT 3 |
Disposition of the Subject Properties helps the CRA meet one of its core objectives of providing additional affordable/workforce housing opportunities within the CRA District. Furthermore, as identified in the CRA’s Redevelopment Plan, developing the Subject Properties would also fall in line with the redevelopment strategy for the residential neighborhoods north and south of West Atlantic Avenue (Northwest and Southwest Neighborhoods of The Set) which includes construction of infill single-family housing on vacant lots.
Since the time of award, CRA Staff and the CLT have been working towards finalizing the Purchase and Sale Agreement (PSA) and the Funding Assistance Agreement. See Exhibits B and C respectively.
OVERVIEW OF PSA TERMS:
• Total Purchase Price: $15,000 for the three (3) Subject Properties.
• Effective Date: Date that PSA is executed by all parties.
• Inspection Period: 45 calendar days commencing from Effective Date.
• Application Date: 30 calendar days after Inspection Period ends, CLT shall submit Building Permit Applications for all three (3) single-family units.
• Closing Date: Within 30 calendar days of obtaining building permits for all three (3) single-family units, the CRA and CLT shall close on the Subject Properties.
• Groundbreaking: Within 60 calendar days after the Closing Date, the CLT shall commence construction on at least one (1) or more of the three (3) residential units.
• Completion Date: No later than 545 calendar days after the Effective Date of the Agreement, the CLT shall complete construction and obtain certificates of occupancy for all three (3) residential units.
OVERVIEW OF FUNDING ASSISTANCE AGREEMENT TERMS:
The RFP provided the opportunity for proposers to request CRA Funding Assistance for the following costs:
1. Architectural & Engineering Services
2. Development and Construction Permit Fees, including Impact Fees
3. Construction Financing
4. Roadway, Alley, Sidewalk, Infrastructure Construction as required by the City of Delray Beach
The RFP also provided the opportunity for proposers to request CRA Subsidies to assist the homebuyer with the cost to purchase a home built on one of the Subject Properties.
Within their proposal the CLT requested both Funding Assistance and CRA Subsidies. The CRA Subsidies will be brought back before the CRA Board at a future CRA Board meeting for review, discussion, and approval.
During contract negotiations, CRA Staff confirmed with the CLT that the requested CRA Funding Assistance was available only for eligible costs as stated within the RFP. The eligible costs and the reimbursement process are reflected in the resulting Funding Assistance Agreement.
The Funding Assistance Agreement will cover the costs as outlined below:
At this time, CRA Staff is requesting the CRA Board:
1. Approve a Purchase and Sale Agreement between the Delray Beach Community Redevelopment Agency and the Delray Beach Community Land Trust, Inc. for the purchase of three (3) properties ward Request for Proposals CRA No. 2026-01 - for the Disposition of Three CRA-owned Vacant Lots located at 630, 704 & 708 SW 4th Street for a total purchase price of $15,000 for the , for the development and construction of three (3) affordable/workforce single family homes pursuant to the Request for Proposals CRA No. 2026-01, in a form legally acceptable to the CRA Legal Counsel;
AND
2. Approve a to the Delray Beach Community Land Trust, Inc. and authorize Funding Assistance Agreement between the Delray Beach Community Redevelopment Agency and the Delray Beach Community Land Trust, Inc. for construction of infrastructure improvements, development and construction permit fees, and construction financing as permitted by the Request for Proposals CRA No. 2026-01 for the , for the development and construction of three (3) affordable/workforce single family homes pursuant to the Request for Proposals CRA No. 2026-01, in a form legally acceptable to the CRA Legal Counsel;
AND
3. Authorize the CRA Board Chair to execute any and all related documents in a form legally acceptable to the CRA Legal Counsel. CRA Staff to enter contract negotiations accordingly.
Attachment(s): Exhibit A - Location Map; Exhibit B - Purchase and Sale Agreement; Exhibit C - Funding Assistance Agreement; Exhibit D - Resolution 2026-16
CRA Attorney Review:
The CRA Legal Counsel drafted the Purchase and Sale Agreement and Funding Assistance Agreement in a form legally acceptable to CRA Legal Counsel.
Funding Source/Financial Impact:
Funding has been allocated for the Funding Assistance from GL #6512.
Overall need within the Community Redevelopment Area from Delray Beach CRA Redevelopment Plan:
Removal of Slum & Blight
Land Use
Development & Investment
Housing
Infrastructure & Mobility Improvements
Public Assets & Facilities
Policing Innovation