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Ask a Davis-Bacon Expert

Jade Banks retired from the U.S. Department of Housing and Urban Development (HUD) in September 2012 after 37 years of federal service. She is a renowned subject-matter expert and advisor with a demonstrated record of designing successful strategies for addressing the most complex and/or unusual federal prevailing wage issues.

Read more about Jade Banks here.

 

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Topic: Reporting
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Reporting
on: February 14, 2014, 14:16

I'm a Home Builder here in, Florida. I'm working the City and its Community Redevelopment Agency and a question has come up regarding Davis-Bacon wage reporting requirement.


We have this project in which my company would like to complete on behalf The City and the CRA. However, I would like to be clear up front, as to how this project should move forward. This project starts as noted below:


The year 2004 though 2006 – The City platted and develop a five (5) Acres tract into forty-three (43) single Family lots. This included the entire site infrastructure (water, sewer, drainage and road). All of the site development work was funded as follows:


8% of HOME FUNDS


12% of CDBG FUNDS


80% of City CRA FUNDS


From 2006 through 2010 before the Real Estate down turn 30 single Family home were built and sold. Today there is thirteen (13) vacant lots remaining within this subdivision develop by the City themselves.


In moving this project forward, there will be NO FEDERAL funding on the remaining homes to be built within this project. All homes will be financed with Bank financing and the Home buyer obtaining its own permanent end loan financing.

We would like to know whether or not these remainder lots will be required to meet Davis- Bacon labor standards.


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