Title
Resolution to Approve the Transfer of 909 Evelyn Court to the Ann Arbor Housing Commission (8 Votes Required)
Memorandum
The Ann Arbor Housing Commission (AAHC) is redeveloping its entire portfolio of public housing under the HUD Rental Assistance Demonstration (RAD) program. The AAHC completed capital needs assessments for each of its properties to determine whether the property should be renovated, demolished and newly constructed or sold. 909 Evelyn is a single family home that needs an estimated $143,000.00 worth of renovations. It is not cost effective for the AAHC to renovate and maintain this single family home compared to other apartments that the AAHC is renovating.
Habitat for Humanity of Huron Valley is interested in purchasing the home, renovating it and selling it to a low-income homebuyer. Habitat can renovate the home at a much lower cost because they are able to get significant donations of labor and materials. Habitat has offered to purchase the home for the appraised value of $82,000.00 plus related closing costs.
909 Evelyn was developed with HUD funds in 1995 through the AAHC as public housing. The City of Ann Arbor is currently the owner and the deed is in the City's name, not the AAHC, because the Ann Arbor City Code (Chapter 8, Section 1:209) requires the City to put all AAHC real property in the City's name. However, the City may at any time convey that property to the AAHC.
"All deeds, mortgages, contracts, leases, purchases, or other agreements regarding real property which is or may be put under the control of the Housing Commission, including agreements to acquire or dispose of real property, shall be approved and executed in the name of the City of Ann Arbor. The Ann Arbor City Council may, by resolution, decide to convey or assign to the Housing Commission any rights of the city to a particular property owned by the City of Ann Arbor which is under the control of the Housing Commission and such resolution shall au...
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