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HomeMy WebLinkAboutSummit Housing Group, Inc. Letter 802� January 21, 2014 x: ?• i 9•. �Q Mr.Sam Long afA'co.Mo Summit Housing Group, Inc. BHL Development, Inc. CITY OF BOZEMAN 283 West Front Street,Suite 1 Missoula, MT 59802 121 North Rouse P.O. Box 1230 RE: Summit Housing Group, Inc.'s LIHTC application to the Montana Board of Housing Bozeman, MT 59771 for the creation of affordable rental housing on the property legally describes as Phone: (406)582-2320 Lot 5, Block 8 of the West Winds Subdivision, Phases 2A&213 Cell: (406)581-7026 TDD: (406)582-2301 Dear Mr. Long, vvxvvv.bozeman.net On behalf of the City of Bozeman, please accept this letter as an expression of the City's City Manager strong support for the Low Income Housing Tax Credit (LIHTC) application Summit Chris A. Kukulski Housing Group is submitting to the Montana Board of Housing for the development of an 80 unit affordable housing apartment complex. Core Values The development will provide the City with additional affordable rentals, particularly Integrity:Be honest,hard working.reliable and family housing units.The proposed development will provide 32 senior housing units and accountable to the public. 48 family units on a parcel that is specifically set aside for the development of affordable housing. The approximate 3.03 acre site currently carries a Land Use Restriction that Leadership:-l-ake requires multifamily development for persons making 65% or below the Area Median initiative.lead by example.and be open to innovative ideas. Income. We wholeheartedly support your efforts to provide new, affordable multifamily housing in this area of Bozeman. Service:Work unselfishly for our community and its citizens. The City of Bozeman set aside funding for the fiscal year 2015 budget to assist developers Teamwork: Respect pay impact fees for housing developed for households earning less than 40% of Area others.i%elcontc citizen Median Income. involvement.and ,Mork together to achieve the best result. As this city continues to experience increased growth, affordable housing is in short supply. Your proposed project will help meet the need of small and large families at or below 60% of the median income.With the increased cost of housing in Bozeman, we feel that a project of this type will help meet the housing need in our community. I Sin erely, 1 Chuck Winn Acting City Manager