To: Dale K. Weighill, Community & Economic Development Committee Chairperson
From: Derek Bradshaw, Director
title
RE: Affordable Housing Project - Communities First Inc.
recommendation
BOARD ACTION REQUESTED:
The Allocation Committee is recommending approval to commit $1,400,000.00 in HOME funds to Communities First, Inc. We are requesting a signature to the amended contract by Genesee County Board Chairperson, Ellen Ellenburg.
BACKGROUND:
Communities First, Inc. has applied for HOME Investment Partnerships Program funding during the program year 2022 & 2023. Communities First, Inc. is requesting an increase in funds and to amend their award amount. The total amount requested is one million four hundred thousand dollars ($1,400,000.00) in funding to construct new multifamily affordable rental apartments for residents of Genesee County. The Orchard Grove apartments project is located along Flushing Road in Flint Township, bordering the west side of the City of Flint. The Orchard Grove Project will receive Low-Income Housing Tax Credits from the Michigan State Housing Development Authority (MSHDA) and other equity financing commitments for a total project cost of $12 million. The HOME funds used in this project will be drawn from multiple funding years to fill the remaining funding gap and allow for project completion.
DISCUSSION:
The Orchard Grove project will include seventeen (17) 1-bedroom units, eighteen (18) 2-bedroom units, and five (5) 3-bedroom rental apartment units for a total of forty (40) mixed-income rental housing units serving individuals and families in Genesee County. The proposed project will include fifteen (15) permanent supportive housing units and seven (7) HOME-assisted units.
IMPACT ON HUMAN RESOURCES:
N/A
IMPACT ON BUDGET:
HOME grant funds will be used so no impact on general funds.
IMPACT ON FACILITIES:
N/A
IMPACT ON TECHNOLOGY:
N/A
IMPACT ON INDIRECT COSTS:
N/A
IMPACT ON OTHER COUNTY DEPARTMENTS OR OUTSIDE AGENCIES:
N/A
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