Title
Resolution to Approve the Marijuana Excise Tax Rebate Fund Grant Agreement Between the City of Ann Arbor, the Ann Arbor Housing Commission, and the Ann Arbor Housing Development Corporation
Memorandum
Attached for consideration is a resolution authorizing execution of the Marijuana Excise Tax Rebate Grant Agreement Between the City of Ann Arbor, the Ann Arbor Housing Commission (AAHC), and the Ann Arbor Housing Development Corporation (AAHDC), a Michigan non-profit corporation, whose sole member is the AAHC (the "Grant Agreement").
The City of Ann Arbor FY24 budget includes revenue from the State of Michigan's Marijuana Excise Tax Rebate in the amount of $1,375,000 (the "Rebate"). The proposed Grant Agreement seeks to grant the full Rebate amount of $1,375,000 to the AAHDC ("Grant Funds").
Pursuant to the Grant Agreement and the approved City budget for fiscal year 2024, the AAHDC will use the Grant Funds as follows:
- $150,000 - AAHDC collaboration with the Community Leadership Council (CLC) on planning, organizational development and design related to activating and programming the non-residential community space on the first floor of the affordable housing development located at 121 Catherine Street. The CLC is centering the planning and activities on the historic Black neighborhood and business district where this development is located.
- $325,000 - Build out of the community space and purchase of furnishings and equipment at 121 Catherine Street.
- $250,000 - Eviction prevention, including payments for back-owed rent, court fees and associated costs for households in danger of losing their housing due to back-owed rent.
- $250,000 - Low-income youth services. This amount will be used to pay for the services of local non-profits that provide the type of services described in the budget amendments, and related to restorative and alternative strategies for public safety and community.
- $400,000 - Trauma-informed case management services for ...
Click here for full text