Title
Resolution to Approve a Grant Agreement with the Ann Arbor Housing Commission and Housing Development Corporation for a Sub-Grant to Avalon Housing at 1146 S. Maple Road and Appropriate $500,000 (8 Votes Required)
Memorandum
This resolution is requested by the Ann Arbor Housing Commission (AAHC) to appropriate and grant $500,000 from the Ann Arbor Affordable Housing Fund to the Ann Arbor Housing Commission and Ann Arbor Housing Development Corporation (AAHDC) to sub-grant to Avalon Housing, Inc. (Avalon) to develop an affordable housing project at 1146 S. Maple Road.
The City exercised a recorded right of first refusal to acquire this approximately 1.15-acre property containing a single-family house on September 12, 2019 as approved in Council Resolution R-19-299. The property was purchased for $260,000.
In 2022, City Council R-22-253 approved the sale of 1146 S. Maple Road to Avalon to expand its adjacent Hickory Way I and II affordable housing developments at 1120 and 1130 South Maple Road. Hickory Way I and II consist of 70 units of affordable housing, which is available to individuals and families whose income does not exceed 60% of area median income (AMI), including 43 units restricted to households whose income does not exceed 50% of area median income.
Hickory Way III will consist of a single, four-story building with 39 one-bedroom units, along with an elevator and community space. Fifteen (15) units will be targeted to households at or below 60% of area median income. Twenty-four (24) units will be targeted to households at or below 50% of area median income. Twenty (20) of these 50% AMI units will be supportive housing and further targeted to households who have incomes below 30% of AMI. Referrals for the supportive housing units will come directly from the County's central wait list for homeless households, Housing Access of Washtenaw County (HAWC). Avalon will be providing on-site trauma-informed services to residents that are free, vo...
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