Ann Arbor logo
File #: 19-0451    Version: Name: 3/18/19 Resolution to Pursue Affordable Housing at 721 N. Main
Type: Resolution Status: Passed
File created: 3/18/2019 In control: City Council
On agenda: 3/18/2019 Final action: 3/18/2019
Enactment date: 3/18/2019 Enactment #: R-19-110
Title: Resolution to Pursue Affordable Housing at 721 N. Main
Sponsors: Zachary Ackerman, Christopher Taylor, Chip Smith
Related files: 19-2127, 19-2125, 19-2126, 19-2128
Resolution to Pursue Affordable Housing at 721 N. Main
Reviewed by: Kevin McDonald, Senior Assistant City Attorney
Jennifer Hall, Executive Director, Ann Arbor Housing Commission
Teresa Gillotti, Director, Office of Community & Economic Development
Brett Lenart, Planning Manager
Whereas, Housing costs are typically a household's largest single expense, critically affecting quality of life;

Whereas, In 2015, the City of Ann Arbor partnered with the U.S. Department of Housing and Urban Development and Washtenaw County to produce the Housing Affordability and Economic Equity Report ("Report");

Whereas, A primary goal of the Report was to maximize housing opportunities for lower and middle class households;

Whereas, The Report highlighted that housing in Ann Arbor has become unaffordable for 45% of households making $35,000-$49,999 a year, 87% of households making $20,000-$34,999, and 94% of households making under $20,000;

Whereas, Ann Arbor is the least affordable city in Michigan with median rents 22% higher than the rest of the state;

Whereas, Residents of Ann Arbor continue to feel the pressure from a lack of housing options with average rents increasing nearly 15% since 2015;

Whereas, Neighborhoods such as Arbor Oaks and Water Hill are seeing significant demographic shifts due to a lack of housing options city-wide;

Whereas, In response to the Report, City Council adopted a goal to construct 2,800 new units of affordable housing by 2035, or 140 new units per year;

Whereas, Since 2015, only 50 dedicated units of affordable housing units have been built within the city limits;

Whereas, Regionally, Over 1500 units have converted from dedicated 'Affordable' to market-rate, as terms of Low-Income Housing Tax Credits and other funding requirements have expired and an additional 800+ units will be expiring;

Whereas, Results from the 2018 City Budget Prioritization Surv...

Click here for full text