HomeMy WebLinkAbout03-12-2015 Housing and Community Development CommissionI r 1
+. memo �
CITY OF IOWA CITY
AGENDA
(Revised 3/10/2015)
Housing and Community Development Commission
Thursday, March 12, 2015
6:30 P.M.
Iowa City Public Library
123 S. Linn Street
Meeting Room A
1. Call meeting to order
2. Approval of the February 19, 2015 minutes
3. Public comment on any topic not on the agenda
4. Recommendation to City Council regarding applications for FY16
Community Development Block Grant (CDBG) and HOME Investment
Partnerships Program (HOME) Funding
5. (Revised March 10, 2015) Recommendation to City Council regarding
down payment assistance for properties on the 2200-block of Taylor
Drive
6. Other business
7. Adjourn
MINUTES PRELIMINARY
HOUSING AND COMMUNITY DEVELOPMENT COMMISSION
FEBRUARY 19, 2015 — 6:30 PM SENIOR CENTER,
ASSEMBLY ROOM
MEMBERS PRESENT: Peter Byler, Andrew Chappell, Michelle Bacon Curry, Jim
Jacobson, Bob Lamkins, Dorothy Persson, Christine Ralston,
Rachel Zimmermann Smith, Angel Taylor
MEMBERS ABSENT: None
STAFF PRESENT: KristopherAckerson, Marcia Bollinger, Tracy Hightshoe
OTHERS PRESENT: Danielle Boffice, Kari Wilken, Tashundra Gathright, Richard
Klausner, Al Persson, Brian Loring, Mark Patton, Roger Lusala,
Casey Westhoff, RaQuishia Harrington, Bruce Teague, Kristie
Doser
CALL TO ORDER:
Zimmermann Smith called the meeting to order at 6:30 PM.
APPROVAL OF JANUARY 15, 2015 MINUTTES:
Bacon Curry moved to approve the minutes of the January 15, 2015 meeting.
Chappell seconded.
A vote was taken and the motion carried 9-0.
PUBLIC COMMENT OF ITEMS NOT ON THE AGENDA:
Mark Patton stated for the Aid for Agencies meeting that was held last month, the agencies were
not notified of the meeting until around 10:00 a.m. the day of the meeting. He requests that in the
future such communications are sent at least a week in advance.
Bollinger commented that there have been a lot of staff transitions over the past few months and
acknowledged that staff will try to distribute notifications a week prior to meetings.
Patton stated that no funding was awarded to the Furniture Project and they don't believe they
will be able to continue with the project now.
Zimmermann Smith stated just so Mark knows, as a commission, they were informed that the
applicants did not have to be present at the meeting and that applicants were not to address the
Commission at said meeting unless directly asked a question by commission members.
STAFF/COMMISSION COMMENT
Chappell stated that he was double booked this evening and at 7:00 would need to leave the
meeting to attend the Planning & Zoning Commission meeting as a representative of the County,
but will return as soon as possible.
Hightshoe introduced a new HCDC member, Bob Lamkins, who was appointed last week.
Lamkins also noted he had to leave at 7:20 for a prior engagement.
Jacobson made an announcement regarding the panel discussion on affordable housing on
Wednesday, March 11. The Johnson County Affordable Homes Coalition is hosting the event.
Hightshoe announced that the City allocated $75,000 to start providing small business loans up
to $5,000 to income eligible business owners. The City is starting to advertise that program.
Ackerson will be emailing notification out to the community and non -profits.
CONSIDERATION OF FY16 AID TO AGENCIES FUNDING:
Zimmermann Smith announced that there was an agency that was overlooked at last month's
meeting.
Bollinger commented that the spreadsheet she prepared for the last meeting omitted Community
Mental Health from the spreadsheet, but the information about the request was in the
Commission's packet. It was a $10,000 request for support services and follow for patients with
chronic mental health problems. Zimmermann Smith stated the Commission looked at all the
requests $15,000 and over first, and did not fund any agency that requested less than $15,000
and therefore would not change her opinion on this application at this time.
Hightshoe commented that at the time recommendations were made CITY STEPS had not been
approved and that is why agencies were encouraged to apply for at least $15,000 — but it wasn't
required.
Persson stated she was questioned why the minimum threshold was set at $15,000. She felt
there was not enough discussion on that. Hightshoe stated it was on the Applicant Guide, and
City Council set that amount in CITY STEPS. Chappell said the time for discussion on that
minimum threshold would have been before City Council adopted the plan. s. This Commission
did review and recommend CITY STEPS with that language.
Hightshoe stated that if the Commission wishes to keep the recommendation to Council that they
made last month, then no action needs to be taken at this meeting.
There was a consensus for no new action.
DISCUSSION REGARDING APPLICATIONS FOR FY16 COMMUNITY DEVELOPMENT
BLOCK GRANT (CDBG) AND HOME INVESTMENT PARTNERSHIPS PROGRAM (HOME)
FUNDING:
Zimmermann Smith stated this meeting tonight was a question and answer session.
Hightshoe explained that the question and answer session is an opportunity for the Commission
to ask questions of all the agencies to get more clarification on the applications. Staff prepared a
report on each application and if staff had questions they were listed in the report. The
Commission recommendations are then due back to staff by March 2, 2015. The summary and
rankings will be included in the packet for the March 12 meeting. Hightshoe noted that the
funding amounts are what staff believes is available at this time; they have yet to confirm
program income received as well as verify uncommitted funds. Therefore there may be
allocation changes between now and March 12 due to updates. At this point there is $944,000
to allocate.
Persson questioned if information was received from applicants that addressed the questions
raised in the staff report. Hightshoe replied that the questions raised in the staff reports are for
the Commission, not the applicants. If the members want to ask agencies these questions, this
would be the time to do so.
Zimmermann Smith stated the Commission will now begin to go through each application and
questions from the Commission can be addressed to the applicant or the staff.
CHARM Homes LLC, Affordable Rental Housing: Persson asked Staff for more information
regarding the comment under the project budget discussion section that states the project may
not meet the guidelines. Hightshoe replied that the services CHARM Homes provides does
meet the needs of the community however staff has questions regarding their pro forma. Under
"other income," the applicant listed $11,040. Staff needs clarification if this other revenue is
allowed under HOME. Laundry and meals should not be listed under "other income," that is a
separate funding category and not a HOME eligible expense. If Charms is receiving other
funding for services such as laundry, housekeeping, etc. this does not go on the pro forma, but
is a business expense under their Caring Hands business that provides such services.
Teague explained that he sent an email to Ackerson and Hightshoe to clarify and explain
exactly what the $11,040 amount included. It is related to the project and is part of the allowable
costs. It is snow removal and lawn services. Hightshoe stated that HOME may require those
specific costs for a SRO property to be built into the rent and cannot be charged as extra to the
tenants. The applicant agreed to include those costs into the rents if required. Chappell asked if
the last time CHARM received funding if they had trouble finding a site. The applicant confirmed
they did have issues finding a site; there were very few 4-bedroom units in all of Johnson
County available so that was the issue. Chappell asked if the climate was better now and the
applicant replied that after speaking with a real estate agent they confirmed there is a good
inventory of real estate available.
Hightshoe explained since the units are limited to people with disabilities, the Affordable
Housing Location Model does not apply.
Jacobson asked about the payment terms for this loan. Hightshoe confirmed the terms would be
repayment after 20 years if that is the proposal and what the Commission agrees to. However
under HOME rules, once the final costs are determined, the loan needs to be underwritten
again. If the applicant shows sufficient cash flow the City might ask for repayment. If there is not
sufficient cash flow, they structure as part grant, part loan. It would be based on the final
numbers and known costs.
Byler asked what the discount factor is on the loan. Hightshoe explained our HOME
underwriting criteria focuses on cash flow, not the loan itself. Staff reviews the 20 year pro forma
of estimated revenues vs. expenses, including debt, to ensure the project has sufficient revenue
to operate throughout the affordability period. The applicant should put money aside in reserves
over the 20 year (compliance) period to provide safe and decent housing.
DVIP Shelter — Communal Bathroom and Door Rehabilitation: Byler asked about the project
being over $100,000 and whether they would then be required to use sealed bid procurement
and Davis Bacon wages. Hightshoe confirmed that was true. Byler commented that this request
would not have been over a $100,000 if not for a few items added. The request is for $116,000
but the actual work is only $99,000. Hightshoe noted that at $99,000 she would encourage the
sealed bid procurement as it is likely that the bid may come over $100,000. Hightshoe also
recommended the applicant hire an architect for design and construction management.
Hightshoe stated that staff recommends that for any public facility project at or over $100,000 an
architect is hired. Most non -profits do not manage construction projects frequently at this scale
and are not familiar with federal requirements once the project goes over $100,000. Chappell
asked if there were a possibility for more competitive bids on this project.
Persson asked about one of the staff questions — whether the applicant has requested or
acquired funds from any other private entities due to serving clients outside of Iowa City. The
applicant replied that they had requested funds from all the counties they serve and work very
hard to keep the funds from those counties to serve those from the counties that supplied the
funds. So anything that is received from Johnson County stays in Johnson County. Persson
asked more specifically about the facility in Iowa City and if the counties contributed to the cost
of the facility in Iowa City. The applicant replied that the current model they are using from the
State does not bring individuals from other counties as the State has allowed for funding for
hotels and safe homes. She stated they could look at using some of the County funds to help
offset facility costs, but with all the restructuring it hasn't been a big issue in the past few years.
Chappell asked about the list of counties served in the application and if they contribute. Doser
replied that they get funds in some way from all the counties. However, most of it is through
fundraising and is not coming from governments. The fundraising is through United Ways, direct
solicitations, and other local human services agencies.
Persson asked staff if there was a concern regarding the ability of these applicants to pay
property taxes. Hightshoe noted it was on the application, but that most non -profits in Iowa City
do not pay property taxes. It is more relevant to housing providers, whether there are for -profit
or non-profit providers. Persson asked if it should be of importance to the Commission when
they are completing their score sheets. Zimmermann Smith stated it was important when
perhaps looking at two projects side by side where one might pay property taxes and the other
might not.
Chappell asked about if there had been any specific fundraising to try to address the long-range
capital plans. The applicant replied that the Board has considered this and are working to
update their plans but are in the infancy of putting that together. They are however continuing
each year to set aside funding (about $30,000/year) for repairs and up -keep.
(6:50 p.m. Chappell left meeting)
Iowa Valley Habitat for Humanity — Land Acquisition: Jacobson asked the applicant to speak
about the applicant history where a previous CDBG/HOME approved project was not built
according to affordable housing guidelines. Patton stated that the door was placed on the south
side of the home rather than the north side, a mistake made by the construction manager. A
second door is required in the design code, and it was in the approved design, but was then
placed on the wrong side.
Persson asked if the Commission were to not give the total amount requested, would they still
be able to move forward with part of this project. The applicant replied that while it's been
requested for them to try to find building sites in other parts of town, that would be a challenge if
the full funding was not received.
Bacon Curry noted that there was the question if funding was contingent upon lots outside of
Census Tract 18 would Habitat proceed. Bacon Curry asked if HCDC could place this condition
in their recommendation. Hightshoe confirmed the Commission could do so.
The applicant noted that no matter where the home is built, the cost to own is less to the
homeowner than rent would be. Persson also noted Habitat has a history of stabilizing
neighborhoods through homeownership.
Mayor's Youth Empowerment Program Home Project: Byler noted that in this pro forma, like the
others, the expense ratio to the income is at 25% which for rental housing is very low and
questioned how realistic that number is. Roger Lusala, for MYEP, stated that 25% is very
realistic and they keep their costs low because of the people living there and the effort to keep
the rents low. MYEP provides snow removal, lawn care and other expenses through fundraising
efforts. Jacobson questioned that while the rents are low; the expenses to maintain the
properties seem very low. Lusala stated that maintaining the properties is low due to having a
facilities manager who is very knowledgeable on fixing things. Additionally they have friends in
the construction fields that do repairs at cost or for free.
Broadway Neighborhood Center Improvements, Phase II: Brian Loring, the executive director
for the Neighborhood Centers introduced himself to the Commission. Bacon Curry noted this
project started as the ground floor remodel and the expansion of the daycare facilities, and that
those were about halfway finished when they become too expensive to complete. Loring
confirmed that was true and there was a need to create more multi -purpose space in the
basement and remodel the kitchen, which was completed. But the office space that was taken
by the kitchen was not replaced, nor was the entrance to the daycare completed. They have
been trying to achieve funding for the completion of this project since 2013. Hightshoe asked if
they would continue to use the same architect to complete the project but Loring stated that all
the design was complete so hiring an architect was not necessary.
Jacobson asked what the expense was based on. Loring stated they have been through the bid
process so the expenses are pretty set.
Hightshoe noted that staff still recommends, and would add the cost to the grant, that a
construction manager or architect oversee the project to keep it on time and budget.
Persson asked if the Center's programming has increased. The applicant stated that the usage
of the site is an after -school program and in the summertime they have programming in the
space. Adult programs are also held in the space. Being unfinished the space can be
challenging to use. Persson asked since they have completed phase 1, would phase 2 be
completed in a timely manner? Loring confirmed that the lion's share of the work was done in
phase 1, so phase 2 should be smooth.
Byler asked Hightshoe about adding an architect to the project and what kind of cost that would
add. Hightshoe answered that in the past this expense usually runs about 10-15% of the total
cost. Due to previous problems with non -profits not completing the work on a timely fashion,
poor material selection, Davis Bacon not being followed and/or failing to procure per federal
requirements staff now recommends an architect familiar with federal funds. Most non -profits do
not routinely manage large construction projects. If there are available funds, staff can
administratively increase a project budget by 25%, up to $50,000, without going through an
Annual Action Plan amendment. Loring stated that they had already paid for the architectural
plans for this project, so they would not need to pay for a design again.
(7:15 p.m. Chappell returned to meeting)
Systems Unlimited Inc., 2016 Iowa City Housing Project: Casey Westhoff, director of Systems
Unlimited introduced himself to the Commission. Jacobson questioned the expense ratio of 16%
for the rental properties. Westhoff explained that they used their internal maintenance staff
which helps keep costs down.
The Housing Fellowship — CHDO Operation Funds: Affordable Rental Housing: Sabin
Townhomes: Hightshoe clarified that THE applied for $15,000 or 5% of the HOME entitlement —
whichever is greater. Based on the HOME entitlement amount they could go up to $16,000.
Additionally there is a difference between CHDO set -aside and CHDO operations. Funding
operations is not mandatory, but allocating enough funds for the CHDO set -aside is. THE is the
only CHDO applying this year.
Dick Klausner introduced himself as the president of the board of the Housing Fellowship. Byler
asked if the Housing Fellowship wanted to prioritize their applications. Klausner stated that it
would be difficult as there are only five or six CHDOs in the entire state and HUD compliance for
CHDOs is extensive. One benefit of being a CHDO is that five percent of HOME funds can be
awarded for operations and THE relies on this.
Byler asked regarding the two Housing Fellowship development proposals, which one is
prioritized. The applicant stated the seven unit request is a rehab. They were originally given
money for land for the project but could not find affordable land appropriate for the project along
with rehabilitating two homes they own that are deteriorating. The Fellowship is always looking
to acquire property.
Bacon Curry asked about the Davenport Street (UniverCity home) project. The City purchased
this home to rehabilitate and sell for homeownership, not rental. Hightshoe explained that City
staff approached the Housing Fellowship for two projects. One is the Sabin Condos. The
developer's agreement requires the developer to sell three units to an affordable housing
provider. The City was interested in affordable housing (not limited to certain tenants, such as
elderly, disabled, etc.) so they approached THF. Staff also approached the THE about the
UniverCity Home on Davenport Street because it only has on street parking and they are having
trouble selling it to a homeowner. The City will continue to market, but due to its small size and
on street parking, it may be more appropriate for a rental. THE does not typically rent to
students, so it is likely a family would rent there.
Bacon Curry asked about the Affordable Rental Housing application, and how many acquisitions
did the application contain. The applicant stated it was five acquisitions and two rehabs. Bacon
Curry feels that perhaps that should be separate applications. Klausner stated this was put in
one application to ask for the $200,000 that the Housing Fellowship returned the previous year.
The rehabs are each under $25,000.
Chappell asked if the Davenport Street property was going to be rental anyway, it's preferred to
be controlled by the Housing Fellowship. Hightshoe stated the home would continue to be
marketed for homeownership, but if it doesn't sell by July, the City will evaluate their options,
including renting or selling it for rental housing.
Persson asked when the City gets involved in these properties isn't it to stabilize the Northside
Neighborhood. Hightshoe said they are working to bring a balance between student and owner -
occupied housing in University impacted neighborhoods. The Housing Fellowship doesn't
typically rent to students; it's more likely to put a family in that unit. The City is not increasing the
number of public housing units in Iowa City, so we would not be interested in owning or
managing it indefinitely.. For the Sabin properties, the Housing Fellowship will acquire those
from the developer, not the City.
Jacobson asked if the City approached any other non -profits about purchasing the Davenport
Street property or the Sabin Condos. Hightshoe stated no.
Persson asked about the Davenport Street application, the application states the terms are 20-
year balloon payment at 0% interest; annual payment of $5,000 with a balloon of $100,000 at
the end of twenty years. Minimum compliance period is 10 years. So does that mean they don't
need to be in compliance for 10 years? Klausner replied that 20 years is the standard, and what
they normally request.
(7:30 p.m. Lamkins left meeting)
Hightshoe noted that the Commission could make a recommendation about the Davenport
house. The Housing Fellowship can acquire properties as part of this project, just not that
particular one.
Chappell stated the application noted that the fair market rent for the Sabin Townhomes is not
being charged. The applicant responded that it would be the rent that the HOME rules require.
Chappell asked Hightshoe about the Sabin property, and why no other non-profit was
approached. Hightshoe stated the goal is to have affordable housing and that is why the
Housing Fellowship was approached. The City was not going to limit to a certain clientele, such
as the elderly or disabled. THE rents to a variety of households, which some tenants could be
elderly or disabled.
ADJOURNMENT:
Byler moved to adjourn.
Bacon Curry seconded the motion.
A vote was taken and motion carried 8-0.
HOUSING AND COMMUNITY DEVELOPMENT COMMISSION
ATTENDANCE RECORD
2014-2015
NAME
TERM EXP.
3/6/14
4/17/14
6/19/14
9/18/14
11/20/14
1/15/15
2/19/15
3/12/15
BACON CURRY, MICHELLE
9/1/2016
X
X
X
----
O/E
X
X
BYLER, PETER
9/1/2017
---
---
---
X
X
X
X
CHAPPELL, ANDREW
9/1/2015
X
X
X
X
O/E
X
X
JACOBSON, JIM
9/1/2017
X
X
O/E
X
X
X
X
LAMKINS, BOB
9/1/2016
---
---
---
---
---
---
X
PERSSON, DOTTIE
9/1/2016
X
X
X
X
X
X
X
RALSTON, CHRISTINE
9/1/2015
X
X
O/E
X
X
O/E
X
TAYLOR, ANGEL
9/1/2017
---
---
---
X
X
O/E
X
ZIMMERMANN SMITH,
RACHEL
9/1/2015
X
X
O/E
X
X
X
X
Key:
X = Present
O = Absent
O/E = Absent/Excused
--- = Vacant
� r
-`= CITY OF IOWA CITY
"TY�F'�wA"TV MEMORANDUM
Date: March 11, 2015
To: Housing and Community Development Commission
From: Kristopher Ackerson, Community Development Planner
Re: Agenda item 4 — Recommendation to City Council regarding applications for FY16
Community Development Block Grant (CDBG) and HOME Investment Partnerships
Program (HOME) Funding
Thank you for the time and energy that you have put into the allocation process. Included in this
packet are your preliminary rankings and allocations.
At the upcoming meeting you will discuss the applications, funding amounts, and the rankings.
As a reminder, $680,000 of the total $944,000 must be allocated to HOME eligible projects. All
of the housing projects can be funded with both CDBG and HOME funds; however The Housing
Fellowship - CHDO Operating project is only HOME eligible.
Please review your scores and allocations. If you notice any errors, please contact me so I can
make corrections before the meeting. The following tables were updated to include input from
Michelle Bacon Curry.
If you have any questions regarding this information, please feel free to contact me at 356-5247
or Kristopher-Ackerson@Iowa-City.org.
Domestic
irs;'rts
Mayors Youth
THF- Rental
Violence
THE-CHDO Habitatfor CHARM Employment
Systems Acquisition&
THE -Sabin Intervention Neighborhood
Carr OFF 10WA an
Operating Humanity Homes Program
Unlimited Inc Rehab
Townhomes Program Centers
B Curry
100
57
54
54
54
56
47
64
59
Byer
64
75
83
76
78
65
79
57
55
Chappell
52
75
56
53
51
57
57
47
53
Jacobson
-
-
-
-
-
-
-
-
-
Lamkins
-
-
-
-
-
-
-
-
-
Persson
90
88
95
88
84
87
78
75
71
Ralston
-
83
86
79
76
78
75
72.5
71.5
Taylor
74
79
77
83
83
77
68
89
75
ZSmith
50
78
72
63
63
62
65
60
55
Average
72
76
75
71
70
69
67
66
63
Housing
Requested
Avg
HCDC
Allocation
Percent of
Request
Avg
HCDC
Score
Lamkins
Chappell
Persson
ZSmith
Ralston
Jacobson
BCurry
Taylor
Byler
THE-CHDO Operating
$
16,000
$ 13,089
82%
72
$ 15,000
$ 16,000
$ 16,000
$ 16,000
$ 16,000
$ 12,800
$ 16,000
$ 10,000
$ -
Habitat for Humanity
$
60,000
$ 54,439
68%
76
$ 80,000
$ 80,000
$ 80,000
$ 45,954
$ 40,000
$ 64,000
$ -
$ 60,000
$ 40,000
CHARM Homes
$
61,650
$ 56,965
92%
75
$ 61,650
$ 61,650
$ 37,604
$ 61,650
$ 61,650
$ 49,700
$ 61,650
$ 61,650
$ 55,485
Mayors Youth Employment Program
$
60,000
$ 48,000
80%
71
$ 60,000
$ 30,000
$ -
$ 60,000
$ 60,000
$ 48,000
$ 60,000
$ 60,000
$ 54,000
Systems Unlimited Inc
$
250,000
$183,101
73%
70
$116,954
$125,000
$100,000
$250,000
$130,954
$200,000
$250,000
$250,000
$225,000
THF- Rental Acquisition & Rehab '
$
200,000
$ 98,889
49%
69
$100,000
$100,000
$200,000
$ -
$150,000
$160,000
$ -
$100,000
$ 80,000
THF- Sabin Townhomes'
$
300,000
$276,667
92%
67
1300,000
$300,000
$300,000
$300,000
$275,000
$240,000
$300,000
$175,000
$300,000
Subtotal**
$
967,650
$731,150
$733,604
$712,650
$733,604
$733,604
$733,604
$774,500
$687,650
$716,650
$754,485
' CHDO Eligible -set -aside minimum of $48,200
"$680,000 HOME minimum
Public Facilities
Domestic Violence Intervention Prog
Neighborhoo
$
1 $
116,256
94,140
$106,130 91%
$ 88,690 94%
66
63
$116,256
$ 94,140
$ 60,000
$ 94,140
$116,256
$ 94,140
$116,256
$ 94,140
$116,256
$ 94,140
$ 93,000
$ 76,500
$116,256
$ 94,140
$116,256
$ 72,140
$104,630
$ 84,726
Subtotall
$
210,396
$194,019
1 $210,396
$154,140
$210,396
$210,396
$210,396
$169,500
$210,396
$188,396
$189,356
T0TAL: $1,178,046 $925,969 1 $944,000 $866,790 $944,000 $944,000 $944,000 $944,000 $898,046 $905,046 $943,841
� r
-`= CITY OF IOWA CITY
"TY�F'�wA"TV MEMORANDUM
Date: March 11, 2015
To: Housing and Community Development Commission
From: Kristopher Ackerson, Community Development Planner
Re: Agenda item 5 — Recommendation to City Council regarding down payment
assistance for properties on the 2200-block of Taylor Drive
Introduction
The following memorandum outlines a request for city funds totaling $100,000 by Iowa Valley
Habitat for Humanity to be used for down payment assistance on the 2200-block of Taylor
Drive.
Background
On Tuesday, March 10, 2015, the Iowa Valley Habitat for Humanity notified city staff that it had
signed a 60-day purchase agreement for five rental duplexes (i.e. ten dwelling units) on the
2200-block of Taylor Drive. The properties are located approximately two blocks north of
Wetherby Park.
Habitat for Humanity plans to convert 2-bedroom rental units with unfinished basements into 4-
bedroom homes. Once the rehabilitations are complete (starting in October 2015), Habitat
proposes selling the homes to families who are first time homebuyers earning less than 80
percent of the area median income.
At this time, Habitat is negotiating with three lenders for the purchase funds and has submitted
an application for funding from the Housing Trust Fund of Johnson County to rehabilitate the
homes. To ensure the affordability of the units, Habitat is asking for city funds totaling $100,000
($10,000 per unit) to be used for down payment assistance.
Discussion of Solution
Since this project was not budgeted by the City for fiscal year 2016, the City could transfer the
$100,000 currently budgeted for the UniverCity Program to this Habitat for Humanity project.
Whereas the UniverCity program funds would convert two units from rental to owner -occupied,
this proposed project would convert ten units. This project would enhance the City's efforts to
stabilize the neighborhood. If approved, city funds would be only used for down payment
assistance to the homeowner to purchase the completed property.
Please be prepared to discuss this item and make a recommendation to City Council at our
meeting on March 12.
If you have any questions regarding this information, please feel free to contact me at 356-5247
or at Kristopher-Ackerson@Iowa-City.org.