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File #: 19-2023    Version: 1 Name: 11/18/19 Affordable Housing Financial Feasibility City Property
Type: Introduction Status: Filed
File created: 11/18/2019 In control: City Council
On agenda: 11/18/2019 Final action: 11/18/2019
Enactment date: Enactment #:
Title: Analysis of the Financial Feasibility of Developing Under-Utilized City-Owned Properties as Affordable Housing
Attachments: 1. Financial Analysis of Affordable Housing on City Owned Property FINAL.pdf, 2. Analysis City-Owned Properties FINAL.pdf
Related files: 19-2125, 19-2126, 19-2127, 19-2128, 19-2129, 19-2130
Title
Analysis of the Financial Feasibility of Developing Under-Utilized City-Owned Properties as Affordable Housing
Memorandum
On April 1, 2019, City Council adopted Resolution R-19-138 directing the City Administrator to collaborate with the Ann Arbor Housing Commission (AAHC) to provide coordinated analysis on the feasibility of City-Owned properties as potential locations for affordable housing. This resolution incorporated previous resolutions R-19-100, R-19-111, and R-19-116.

The properties included in the analysis are:

1) 721 N Main (vacant public services buildings)
2) 2000 S. Industrial (public services buildings, AAHC office & maintenance, and additional City, County and AAATA storage facilities)
3) 1501 E. Stadium (fire station #2 currently used for fire inspection services)
4) Surface parking lot at 309 - 337 S Ashley & 104 -120 W. William (also known as the Kline's lot)
5) Surface parking lot at 216 W. William (northeast corner of 1st & William)
6) Surface parking lot at 121 Catherine (northwest corner of 4th & Catherine)
7) 404 - 406 N Ashley (UM Dental Clinic rents this building from the City)
8) 3432 - 3440 Platt & 3435 - 3443 Springbrook (vacant land purchased by AAHC)
9) 415 W. Washington (vacant public services building)
10) Surface parking lot at 350 S Fifth Ave (also known as the former Y lot)
11) 1320 Baldwin Ave (City Senior Center managed by City Parks Dept)

On July 1, 2019 City Council enacted Resolution R-19-320 to contract with the SmithGroup to conduct a public engagement process, develop potential building concepts and evaluate the feasibility of the property at 350 S Fifth. The Staff Study Team are engaged in this process that is occurring simultaneously.

On August 19, 2019 City Council enacted Resolution R-19-376 to contract with the SmithGroup to conduct a public engagement process, develop potential building concepts and evaluate the feasibility of the property at 415 W Washington. The Staff Study Team are engaged in this pr...

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