Title
Resolution to Approve the Housing and Human Services Advisory Board Recommendations to Amend the Ann Arbor Affordable Housing Fund Policy
Memorandum
The Ann Arbor Affordable Housing Fund (AAAHF) was adopted by City Council in July, 1989. The AAAHF policy guidelines were developed by the Ann Arbor Community Development Department and approved by the City's Housing Policy Board in February, 1991 and by the Ann Arbor City Council in April, 1991. The City's Community Development Department merged with the County's Community Development Department in 2005 and is now known as the Washtenaw County Office of Community and Economic Development (OCED). The Housing Policy Board merged with the Human Services Board and is now known as the Housing and Human Services Advisory Board (HHSAB). The guidelines have been amended twice, in both Nov. 9, 2006 and Oct. 20, 2014. The attached policy amendments were reviewed and approved by the HHSAB at their May 9, 2024 meeting to modernize and clarify the policy guidelines.
Historically the AAAHF has been funded by City general funds, proceeds from the sale of City properties and developer contributions. Since its inception, the Housing and Human Services Advisory Board (HHSAB) has recommended and City Council has approved funding for a variety of housing projects with the vast majority targeted for residents with the lowest incomes. The fund has also paid for several housing studies.
The Fund was established for the retention and creation of long-term affordable housing for households with incomes less than 60% of the City's Family Area Median Income (AMI) as defined by the federal department of Housing and Urban Development (HUD); with priority given to households whose income is at or below 30% of AMI. Applications for each project AAAHF must be submitted to OCED. Applications are reviewed by OCED staff and the HHSAB for funding consideration. The HHSAB makes funding recommendations to City Council for final approval.
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