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File #: 22-0302    Version: 1 Name: AAHC RFP Co-Developer Selection & Close 121 Catherine & 353 S. Main
Type: Resolution Status: Filed
File created: 2/15/2022 In control: Housing Commission
On agenda: 2/16/2022 Final action: 2/16/2022
Enactment date: Enactment #:
Title: Resolution to Affirm and Approve Avalon Housing Inc., or an Affiliated Entity, as the Selected Co-Developer of 121 E. Catherine St. and Authorize the Executive Director to Negotiate a Pre-Development Agreement and to Close the Request for Proposal AAHC-21-A Without Selecting a Co-Developer for 353 S. Main St.
Attachments: 1. R-19-514 121 Resolution from the Ann Arbor City Council Directing the AAHC to Develop E Catherine as Affordable Housing 11.18.2019.pdf, 2. R-21-138 Resolution from Ann Arbor City Council Directing the AAHC to Develop 353 S. Main as Affordable Housing.pdf
Title
Resolution to Affirm and Approve Avalon Housing Inc., or an Affiliated Entity, as the Selected Co-Developer of 121 E. Catherine St. and Authorize the Executive Director to Negotiate a Pre-Development Agreement and to Close the Request for Proposal AAHC-21-A Without Selecting a Co-Developer for 353 S. Main St.

Memorandum
The City of Ann Arbor approved a resolution (R-19-514) directing the Ann Arbor Housing Commission ("AAHC") to develop 121 E. Catherine St. as affordable housing and a resolution (R-21-138) to develop 353 S. Main St. as affordable housing. These resolutions express a desire for the developments to include approximately 50-90 units at S. Main St. and approximately 60-85 units at E. Catherine St. to be affordable to households up to an average of 60% of the Area Median Income (AMI).

The resolutions directed the AAHC to conduct applicable due diligence, such as environmental reviews, surveys, and other site investigation items; hire a co-developer to work with an architectural firm and engineering firm to design a project for site plan approval, submit an application for Low Income Housing Tax Credits and other related affordable housing financing.

The 353 S. Main St. resolution included direction to coordinate with the City's Sustainability and Innovations staff to explore construction designs that minimize climate impact, and it is presumed that this direction applies to the 121 E. Catherine St. site as well.

The 121 E. Catherine St. resolution directed the Mayor and the City Clerk to sign related documentation to support the AAHC's application for Low-Income Housing Tax Credits and other federal, state or local funding to develop these sites. The 353 S. Main St. resolution expanded that directive to include language that the Mayor and the City Clerk be authorized and directed to sign any necessary letters, applications and agreements related to granting the Ann Arbor Housing Commission, its affiliated legal entities and contractors ac...

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