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HomeMy WebLinkAboutAdditional materials for Letter of Support for Farmhouse Partners (CAHAB recommendation) Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Doug Riley, Associate Planner Tim McHarg, Planning Director SUBJECT: 1-12-2012 CAHAB Recommendation -Haggerty Lane Apartments— Farmhouse Partners Limited Partnership's request for a letter of support from the City to the Montana Board of Housing (Low Income Housing Tax Credit Program) MEETING DATE: January 17, 2012 At the January 12, 2012 meeting of the Community Affordable Housing Advisory Board (CAHAB), the request from Farmhouse Partners Limited Partnership (Farmhouse Partnership) for a letter of support of the group's application to the Montana Board of Housing for low income housing tax credits was reviewed. William C. Dabney III reviewed his proposed project and supporting information. (CAHAB members received the same 12-21-11 letter of request and supporting materials that were forwarded to the City Commission). Mr. Dabney indicated that, as of today, there are no vacancies at any of the 500 units that his company manages. The units will be of a smaller scale (i.e. four-plex buildings) to fit into the cottage neighborhood that has been established on the property. Management and maintenance will be performed by his existing Comstock Apartments staff down the road. One member of CAHAB indicated that his other existing rental units are modern, clean and had nice appliances. Another member of CAHAB asked about building exteriors for this project and Mr. Dabney indicated they would be "hardiplank". It was agreed that was a good material choice for durability. A motion was made and seconded to recommend to the City Commission that a letter of support for the Farmhouse Partnership tax credit application for the Haggerty Lane Apartments be supplied by the City as requested. The motion passed unanimously. CC: Brian LaMeres, CAHAB Chair Tracy Menuez, CAHAB staff Report compiled on: January 12, 2012 1