Title
AAHC Executive Director Report April 2015
Memorandum
I. FEDERAL
A. FY 15 HUD funding: HUD has issued a notice for PHA's that are eligible for additional administrative fees under the Voucher Program. The AAHC applied for additional administrative fees for PORT's, VASH, and to maintain leasing.
B. HUD Administrative Fee Study: See the attached study
II. RAD REDEVELOPMENT
A. River Run & Maple Tower Renovations: The 2nd through 5th floor of Baker and the 5th through 7th floor of Miller are completely renovated and tenants have moved in. The 1st floor of Baker and the 3rd and 4th floor of Miller are currently being renovated. Construction is continuing on the replacement building for the building that burned down at Green-Baxter. Norstar began renovations at Hikone.
B. N. Maple (West Arbor): See agenda item regarding selection of the Equity Investor, Construction Lender and Permanent Debt lender.
C. White/State/Henry: The site plan has been revised in response to City of Ann Arbor staff input as well as Planning Commission input. A second public meeting will be held on April 14th at 7pm at Cobblestone Farm.
D. Colonial Oaks (Main, Penn, Seventh, Colonial Platt): HUD has approved the transaction and issued a RAD Conversion Commitment (RCC). The RCC is the final approval required to close on the transaction and it also allows the AAHC to begin relocation with residents. West Washington will no longer be included as RAD units. The RAD subsidy for West Washington will be transferred to Platt Road. West Washington will continue to operate as affordable housing but the rent subsidy will be through the AAHC's voucher program instead of the RAD program.
III. CITY/COUNTY/OTHER RELATIONS
A. City Council: There is no update on the request to City Council for operating fund support.
B. City of Ann Arbor IT: IT staff, particularly William Duff, have been helping the AAHC design, solicit bids, and hire contractors and install eq...
Click here for full text