Title
Resolution to Approve a Grant Agreement with the Ann Arbor Housing Commission and Housing Development Corporation for a Pre-Development Sub-Grant to MISSION at 3501 Stone School Road and Appropriate $74,950.00 (8 Votes Required)
Memorandum
This resolution is requested by the Ann Arbor Housing Commission (AAHC) to appropriate and grant $74,950.00 from the Ann Arbor Affordable Housing Fund to the Ann Arbor Housing Development Corporation (AAHDC) for a pre-development and technical assistance grant to MISSION for a proposed affordable housing development at 3501 Stone School Road in the City of Ann Arbor.
The Ann Arbor Affordable Housing Fund Guidelines allow a qualified nonprofit to request a grant for eligible pre-development and technical assistance activities. Pre-development grants cannot exceed $100,000.00 per project. MISSION applied for a grant of $74,950.00 to explore development of small homes on their property on Stone School road. All of the homes will be set-aside for households below 60% AMI. The homes are proposed to have private living and sleeping areas and common cooking facilities, bathrooms, and showers. The AAHDC’s board reviewed and approved an application for pre-development funds at its board meeting.
This resolution approves a grant agreement between the City, the AAHC, and the AAHDC governing use of the funds.
The AAHDC will then enter into a sub-grant agreement with MISSION and will administer the funds in compliance with the Ann Arbor Affordable Housing Fund Guidelines. MISSION will have 7 years to expend the funds.
Budget/Fiscal Impact: Funding is available in the unobligated fund balance of the Affordable Housing Fund. It is requested that the $74,950.00 be appropriated from the fund balance to the FY 2027 Affordable Housing Fund expenditure budget to fund the pre-development grant to MISSION.
Staff
Prepared by: Jennifer Hall, Executive Director, Ann Arbor Housing Commission
Reviewed by: Marti Praschan, Chief Financial Officer
Christopher Frost, Senior Assistant City Attorney
Approved by: Milton Dohoney Jr., City Administrator
Body
Whereas, Under the Ann Arbor Affordable Housing Fund Guidelines, the Ann Arbor Housing Commission has preliminarily approved a pre-development and technical assistance grant in the amount of $74,950.00 to MISSION for development of an affordable housing project at 3501 Stone School Road;
Whereas, The Ann Arbor Housing Commission has requested that City Council disburse $74,950.00 from the Ann Arbor Affordable Housing Fund to subgrant to MISSION; and
Whereas, Funding is available in the Unobligated Fund Balance of the Ann Arbor Affordable Housing Fund;
RESOLVED, That City Council approves a grant agreement between the City of Ann Arbor, the Ann Arbor Housing Commission, and the Ann Arbor Housing Development Corporation for a $74,950.00 pre-development and technical assistance grant to be sub-granted to MISSION for development of a proposed affordable housing project;
RESOLVED, That the Mayor and City Clerk are authorized and directed to sign the grant agreement after approval by the City Administrator and City Attorney;
RESOLVED, That City Council appropriates $74,950.00 from the unobligated fund balance of the Affordable Housing Fund to the FY 2027 Ann Arbor Housing Commission expenditure budget in the Affordable Housing Fund;
RESOLVED, That all amounts herein are without regard to fiscal year; and
RESOLVED, That the City Administrator is authorized to take all appropriate actions to implement this resolution and the grant agreement and to make all determinations and exercise all authority delegated to the City under the grant agreement.