Victoria Place Redevelopment Area
HOUSING
RESOURCE
CENER
Downtown
Government Offices
Paradise Park
Commercial Corridor
Professional / Medical Office
School
Multi-Use Trail (existing)
Redevelopment Planning Process
During the initial meetings, it was decided that there are likely many areas
throughout Thomasville that could benefit from redevelopment activities.
However, because of practicality and feasibility, it was decided that the group
should focus its efforts on identifying and improving an area in need that was
closest to the City’s urban core and downtown district in an effort to continue to
establish vibrant, mixed-income, mixed-use, walkable neighborhoods that
would add to the vibrancy of the urban core.
Visual surveys of the city by the City of Thomasville Planning Department and
concerned citizens identified the neighborhood surrounding Victoria Place was
both in need of redevelopment and, once redevelopment was completed, would
accomplish the identified goals.
SITE LOCATION
Multi-Use Trail (proposed)
Reconnecting The City & Creating Opportunity
Victoria Place
Redevelopment Area
Housing Resource
Center
VICTORIA PLACE REDEVELOPMENT AREA
Lot Layout & Street Configuration (existing)
VICTORIA PLACE REDEVELOPMENT AREA
Lot Layout & Configuration (proposed)
Provide information and refer homeowners to available rehab/repair*, weatherization, & accessibility programs
and resources. Revitalize at risk low income neighborhoods. Implement URA/RAS plans and projects**.
PUD: MAXIMIZING FUNDS FOR REDEVELOPMENT
Parks, Population Density, Infrastructure & Developable Lands
A Non-profit “One Stop Shop”
Affordability
Current Housing Market & Industry Wages
Place
# of Homes
for Sale
Avg. List Price Median List
($)
Price ($)
Monthly
Cost
(Median @ 6%)
City
200
231,887
191,500
1,148.14
County
251
268,205
180,950
1,084.89
Industry
Salary ($)
Affordability Home Price
Point ($)
($)
Manufacturing
30,846.00
771.15
130,000
Retail Trade
23,462.00
586.55
100,000
Healthcare
31,574.00
789.35
135,000
Public Admin
42,057.00
1,051.43
185,000
Education
39,644.00
991.00
165,000
Increase homeownership rates in targeted low income neighborhoods in the City of Thomasville**; enable low to moderate
income residents to purchase a home; facilitate low income individuals to stabilize their housing status through learning better
financial management skills. Facilitate and encourage use of IDA/savings accounts. Improve neighborhood appearance and
reduce property maintenance violations.
Model Home Collection
* 25 Different House Types
* Pre-Approved for Construction
* Affordability
Rehabilitation
* $200,000 Revitalization Area Strategy
* $215,000 CDBG
Thomasville / Thomas County
Land Bank Authority
* Property Acquisition
411 South Street – Plan # 22 (option a)
Appraised Land Value
$7,500
Estimated Retail
Estimated Closing Costs $3,700
Total Cost
$133,840
$122,640
1533 square feet heated
Shared Land Equity (initial value)
GA Dream Down Payment Assistance
Buyer Contribution
First Mortgage (30 years @ 5%) $117,840
First Mortgage (PITI) approximately $782 month
$ 7,500
$ 7,500
$ 1,000
Resource Center Service Strategy
Establish a location whereby citizens can find comprehensive resources and
appropriate referrals to help in finding safe & affordable housing. Non-profit
agencies such as RMI, Safe Haven, Habitat, Hands on Thomas County, Red
Cross & others will lease office space.
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Database of available listings (residential & commercial)
Planned Improvements for particular neighborhoods
Historic sites
Parks & Amenities
BridgE The
Imagination Gap
City of Thomasville
Planning Office
229-227-6982
Lee Chastain – City Planner
Charlotte Christian – Housing Administrator