Title
Resolution to Appropriate $424,364.00 from the Affordable Housing Millage to Avalon Housing Inc., or an Affiliated Entity for its Hickory Way II Project at 1130 S Maple Road, Without Regard to Fiscal Year ($424,364) (8 Votes Required)
Memorandum
Avalon Housing, Inc. is seeking a $300,000.00 grant from the FY22 affordable housing millage to construct thirty-six (36) additional affordable apartments at 1130 S. Maple Road in Ann Arbor as Phase II of an eighty-four (84) unit project called Hickory Way Apartments. Avalon is also requesting $124,364 in FY22 to provide supportive services to the tenants at Hickory Way who will be moving into Phase II in FY22.
On the development side, all thirty-six (36) of the HWA II units will be permanent supportive housing (PSH). All PSH referrals will come through Housing Access of Washtenaw County (HAWC), the centralized intake and assessment process for homeless households in Washtenaw County.
On March 6, 2017 (R-17-073) & (ORD 17-01) City Council approved a rezoning and site plan for Avalon Housing Inc., for Hickory Way Apartments. Hickory Way Apartments Phase I and Hickory Way Apartments Phase II are two parts of an overall site condo created for these developments. Under the IRS regulations for Low-Income Housing Tax Credit projects, Avalon created an affiliated ownership entity, Hickory Way Apartments II Limited Dividend Housing Association, Limited Partnership, that is developing and owns the project. Avalon Housing Inc. will be the property manager and primary service provider. The property is currently under construction, with completion and lease-up anticipated by September 2021.
Phase I consists of a three-story elevator building with thirty-four (34) one-bedroom units and community space. Phase II includes a 2nd three-story elevator building with thirty-six (36) one-bedroom units. The households at Phase II will have access to the community space in Phase I. As is the case at Phase I, all units at HWA Phase ...
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