Local youth and citizens in need of affordable housing will benefit from two significant grants approved at the July 1 CRA board meeting.

Magnolia Oaks Affordable Housing Development

A new, smoke-free affordable housing development is slated to be built at 825 East Magnolia Drive near the intersection of Country Club Drive. Texas-based McDowell Housing Partners was awarded a $500,000 grant from the CRA toward the construction of Magnolia Oaks, a 110-unit development for low- and moderate-income individuals, families and seniors. The development will include one- to three-bedroom garden-style apartments with wood cabinets and Energy Star appliances. Amenities will include a heated pool, fitness center, clubhouse and playground. MHP pledged to certify the Magnolia Oaks development under an Energy Efficient/Green Building program.

The company has agreed to set aside six units for families and individuals transitioning from homelessness through a signed Memorandum of Understanding with Big Bend Continuum of Care. The total cost for the Magnolia Oaks development is anticipated to be more than $24 million.

Norman J. Clement Leadership, Academic, Community Development Center (LACD)

As it prepares to help local youth prepare for their future, Tallahassee Alumni Holdings Inc. was awarded a $300,000 grant from the CRA for the Norman J. Clement Leadership, Academic, Community Development Center (LACD), which will be located at 730 Wailes Street.

The existing structure, built in 1975, currently has 4,209 square feet of building space and 2,263 square feet of auxiliary space. Grant funding will assist with renovating and improving the property.

LACD’s main mission is to provide after-school programs for middle and high school males, with activities structured on a national program aimed at increasing academic and civic mobility. The center also will be able to serve as a meeting and small event venue for area residents.

Learn more about grant funding opportunities available through the CRA at Talgov.com/CRA.