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HomeMy WebLinkAboutCAHAB Minutes 12-12-2018 Community Affordable Housing Advisory Board December 12th, 2018 | 8 AM | City Hall Commission Room: 121 N. Rouse Ave A. 08:04:01 AM (00:04:23) Call meeting to order - Kevin Thane (Chair) - Greg Stratton - Noel Seeburg - Steve Wheeler - Terry Cunningham (Commission Liaison) - Martin Matsen (Staff Liaison) B. Changes to the Agenda C. 08:04:45 AM (00:05:07)Public Comment Please state your name and address in an audible tone of voice for the record. This is the time for individuals to comment on matters falling within the purview of the Committee. There will also be an opportunity in conjunction with each action item for comments pertaining to that item. Please limit your comments to three minutes. 08:04:45 AM (00:05:07) Blake Maxwell (516 W. Lamme St.) made public comment regarding affordable housing, suggesting that rather than a trickle down affordable housing system where builders and developers are responsible, a solution can be found within large landowners and employers such as Bozeman Health and MSU. D. 08:10:19 AM (00:10:41) Minutes for Approval • 11.14.18 Minutes (PDF) o 11.14.18 Video Link 08:11:04 AM (00:11:26) MOTION to approve minutes: Steve Wheeler 08:11:02 AM (00:11:24) MOTION SECONDED: Greg Stratton 08:11:17 AM (00:11:39) VOTE: All in Favor – Motion Carries E. Action Items 1. 08:11:35 AM (00:11:57) Discussion of potential recommendations for the Housing Work Plan, should it go forward. Commissioner Terry Cunningham provided an update regarding the Housing Work Plan. The city has received a $20,000 grant from the Candida Fund to continue the project. Commissioner Cunningham also stated that the City Commission has identified the following priorities per Bozeman’s Strategic Plan: 1) providing a sustainable level of funding source for a pool of funds to be used in a strategic manner by the city; 2) the housing action plan needs to address rentals, not only home ownership; and 3) recognize that major employers have land, workforce in need and that the benefits of workforce housing benefit the city due to less commuting, traffic and congestion and that there should be flexible mandates in the production of affordable housing. 08:25:41 AM (00:26:03) Commissioner Cunningham provided an update regarding the Housing Needs Assessment and recognized the efforts of those involved in the process. Following, Director Matsen clarified that he felt those involved are able to keep the Housing Needs Assessment moving forward, but that the next phase of the project is where it will be important to have a designated individual to focus on the project. 08:31:09 AM (00:31:31) Chair, Kevin Thane asked if the consultants had reached out to the Bozeman Job Service to access their database. 2. 09:15:46 AM (01:16:08) Comments and questions relative to the short term changes to the Affordable Housing Ordinance F. Non-Action Items 1. 08:33:39 AM (00:34:01) Special presentation by GMD Development relative to an affordable housing project under consideration by GMD Development of Seattle. Greg Dunfield & Steve Dymoke, the developers of the Larkspur Apartments (serving individuals at 50-60% of median income) on Oak presented an affordable housing opportunity on Tschache Lane, behind Lowes. Dymoke explained that the project would be financed with tax exempt bonds 08:42:52 AM (00:43:14) Greg Dunfield of GMD Development discussed affordability, explaining that there was a change in the tax reform act and they’re able to appeal to a higher AMI through income averaging. Dunfield explained that the zoning is currently B2, which poses a challenge with how much commercial space a residential project would require. 08:48:28 AM (00:48:50) Dunfield stated that they’re looking for a clean path forward through the zoning challenges and will be looking for community, political and financial support. They’re currently in a 90 day due diligence period to determine if the project is a “go or no go.” 08:52:14 AM (00:52:36) GMD Developer, Greg Dunfield responded to questions from board members and city staff. 09:01:24 AM (01:01:46) Dunfield summarized challenges and areas in which they’re seeking support. 09:03:44 AM (01:04:05) Dunfield provided information comparing a 9% housing project versus a 4% housing project. Montana Board of Housing determines the participants in the 9% housing project. In a 4% housing project, there is a 4% tax credit issued through bonds. Dunfield explained that most states aren’t utilizing their volume cap for the 4% tax credit bond opportunity. 09:08:31 AM (01:08:53) Dunfield responded to a question asking whether the project would incorporate commercial space in the project. Director Matsen explained the commercial use requirements of B2 from a zoning standpoint. 2. Update of the progress and status of the Needs Assessment being done by Navigate LLC G. FYI/Discussion 1. 09:18:56 AM (01:19:18) Affordable Housing Manager Position (Matsen / Winn) 2. 09:23:57 AM (01:24:19) HRDC Monthly update (Guyer) 3. GAR Gallatin Assoc. of Realtors Summary (Click Link for Information) H. 09:28:42 AM (01:29:03) Adjournment MOTION to adjourn: Noel Seeburg MOTION SECONDED: Greg Stratton VOTE: All in Favor – Motion Carries For more information please contact Lacie Kloosterhof at lkloosterhof@bozeman.net. This board generally meets the second Wednesday of each month at 8:00 AM Committee meetings are open to all members of the public. If you have a disability and require assistance, please contact our ADA coordinator, Mike Gray at 582-3232 (TDD 582-2301).