HomeMy WebLinkAbout15- Summit Housing Group Letter of Support for the Low Income Housing Tax Credit 0�soz�
� CITY OF BOZEMAN
*t Bozeman,Montana
Office of the City Manager
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September 28, 2015
Mr.Sam Long
Summit Housing Group, Inc.
BHL Development, Inc.
283 W. Front St., Ste. 1
Missoula, MT 59802
RE: Summit Housing Group, Inc.'s LIHTC application to the Montana Board of Housing for the
creation of affordable rental housing on the property legally described as Lot 5A, of the
amended plat of Lot 5, Block 8 of the West Winds Subdivision Phases 2A&213
Dear Mr. Long,
On behalf of the City of Bozeman, please accept this letter as an expression of the City's strong support
for the Low Income Housing Tax Credit (LIHTC) application Summit Housing Group is submitting to the
Montana Board of Housing for the development of Rose Park Apartments, a 42 unit affordable senior
housing apartment building.
The development will provide the City with additional affordable rentals, particularly senior housing
units where we are experiencing unprecedented low-vacancy rates.The site currently carries a Land Use
Restriction that requires multifamily development for persons making 65%or below the Area Median
Income.We wholeheartedly support your efforts to provide new affordable housing in this area of
Bozeman. The site is close to shopping,transit and two large parks which makes it ideal for a LIHTC
development.
The City of Bozeman earmarked funding in the FY 16 budget to assist LIHTC developers by paying a
portion of the impact fees for housing developed for households earning less than 60%of Area Median
Income.Summit Housing has applied for funding under this set aside and staff is recommending the City
Commission allocate funding to support this development.
As this City continues to experience rapid 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.
Sin rely,
Chuck Winn,Assistant City Manager
121 North Rouse Avenue Phone: (406)582-2306
P.O.Box 1230 TDD: (406)582-2301
Bozeman,Montana 59771-1230