Title
Resolution to Approve the Housing and Human Services Advisory Board Recommendations for Ann Arbor Affordable Housing Funds to Avalon Housing, Inc. and the Ann Arbor Housing Commission for Three Projects
Memorandum
The Ann Arbor Affordable Housing Fund (AAHF) was first proposed in the City of Ann Arbor Housing Policy adopted by City Council in July, 1989. The Affordable Housing Fund guidelines were developed by the Community Development Department and approved by the Housing Policy Board in February, 1991 and by the Ann Arbor City Council in April, 1991. The guidelines have been updated twice, in both Nov. 9, 2006 and Oct. 20, 2014. Since its inception, the Housing and Human Services Advisory Board (HHSAB) has recommended and City Council has approved a range of housing projects with the vast majority targeted for residents with the lowest incomes.
The Fund was established for the promotion, retention and creation of long term affordable housing for households with incomes less than 60% of the City's median income; with priority given to those whose income is at or below 30% of the median household income. Applications for each project AAHF must be submitted to the Office of Community and Economic Development (OCED). This information shall be reviewed by OCED staff and presented to the HHSAB for consideration. HHSAB forwards eligible projects to City Council for which it recommends final consideration.
City Council approved $660,000.00 to the Affordable Housing fund as part of the fiscal year 19/20 budget. $100,000.00 was set aside for planning purposes related to the public land review for affordable housing, and the other $560,000.00 is available in the Affordable Housing Fund as of July 1, 2019. That was in addition to $43,201.00 remaining in the fund, for a total of $593,201.00 available for distribution. On or around July 1, 2019, OCED notified local affordable housing developers, the Housing and Humans Services Advisory Board, the Washtenaw Cont...
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