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HomeMy WebLinkAboutLetter of support to Summit Housing app. to Montana Housinb Board for low income housing tax credits.pdf1 Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Brian Krueger, Associate Planner Tim McHarg, Planning Director Chris Kukulski, City Manager SUBJECT: Summit Housing Group, Inc. Letter of Support MEETING DATE: January 10, 2010 AGENDA ITEM TYPE: Consent   RECOMMENDATION: Authorize the City Manager to sign a letter supporting the Summit Housing Group, Inc.’s application to the Montana Housing Board for low income housing tax credits pending the outcome of an informal review of the project by the Development Review Committee (DRC). BACKGROUND: The Summit Housing Group, Inc., Missoula, Montana has submitted a request for the City’s support of the group’s application to the Montana Housing Board for low income housing tax credits. Summit Housing is proposing the construction of a mix of 20 two bedroom, and 22 three bedroom apartment units within the West Winds Subdivision. Summit Housing has submitted an informal application to the City for advice and direction of the development of this project. Known as Hyalite Apartments, the project will consist of two buildings containing 42 affordable housing units and one building containing 42 senior independent living units on Lot 5, Block 8 of the Westwinds PUD Subdivision Phase 2A and 2B. The lot has been planned for affordable housing since the initial approval of the West Winds Subdivision. The 4.62 acre lot is located adjacent to North 27th Avenue and is bordered by Tschache and Turbulence Lanes. The informal review of this project is scheduled for the January 5, 2011 DRC meeting. UNRESOLVED ISSUES: None. ALTERNATIVES: 1) Authorize the City Manager to sign the attached letter. 2) Do not authorize the City Manager to sign the attached letter. . FISCAL EFFECTS: None. Attachments: Summit Housing, Inc. Letter Request Report compiled on: December 29, 2010 6 7 8 9 10 11 12 CITY OF BOZEMAN Bozeman, Montana Office of the City Manager Street address: 121 N. Rouse Ave. Phone: (406)582-2306 Mailing address: P.O. Box 1230 Fax: (406) 582-2339 Bozeman, Montana 59771-1230 TDD: (406) 582-2301 January 10, 2011 Scott Keiper Summit Housing Group, Inc. 283 West Front Street, Suite 1 Missoula, MT 59802 RE: Multifamily LIHTC Development in Bozeman, Montana Dear Mr. Keiper, We are looking forward to Summit Housing Group’s development of Low Income Housing Tax Credit Apartments at TBD Tschache Lane, Bozeman, MT 59718 also known as Lot 5, Block 8, West Winds Major Subdivision, Phases 2A and 2B, Plat J-445. We wholeheartedly support your efforts to provide new, affordable multifamily housing in Bozeman. The City of Bozeman is experiencing continued growth and housing, especially affordable housing, has become in short supply. Your development’s mix of 20 two bedroom and 22 three bedroom units will help meet the need of small and large families at or below 60% of the median income. With the increased cost of living in Bozeman, we feel that affordable housing of this type will address the needs of our community. We look forward to the addition of your affordable multifamily project to our community. Sincerely, Chris Kukulski City Manager 13