HomeMy WebLinkAboutHuman Services And Housing Funding Board - Minutes - 03/30/2022
HUMAN SERVICES HOUSING FUNDING BOARD &
AFFORDABLE HOUSING BOARD
JOINT WORK SESSION
Wednesday, March 30, 2022 5:30pm
Remote/ZOOM due to COVID-19
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1. CALL TO ORDER & ROLL CALL
At 5:37 PM the meeting was called to order by Josh Johnson.
• HUMAN SERVICES & HOUSING FUNDING BOARD MEMBERS PRESENT:
o Josh Johnson, Chair
o Olga Duvall
o Steve Backsen
o Mike Kulisheck
o Ethnie Treick
o Elizabeth Gillette
o Pat Hastings
• AFFORDABLE HOUSING BOARD MEMBERS PRESENT:
o Kristin Fritz, Chair (recused from discussions, presenter)
o John Singleton
o Jen Bray
o Stefanie Berganini – Joined in progress
o Seth Forwood
o Bob Pawlikowski (recused from discussions, attendee)
• STAFF MEMBERS:
o Adam Molzer, Staff Liaison, HSHF Board – City of Fort Collins
o Sue Beck-Ferkiss, Staff Liaison, Affordable Housing Board – City of Fort Collins
o Beth Rosen, Social Sustainability – City of Fort Collins
o Meaghan Overton, Social Sustainability – City of Fort Collins – Joined in Progress
o Taylor Reynolds, Social Sustainability – City of Fort Collins
o Amanda McGimpsey, Social Sustainability – City of Fort Collins - Joined in Progress
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• PRESENTERS:
O Housing Catalyst – Nichole Rex, Kristin Fritz, Carly Johansson
O Neighbor To Neighbor – Kelly Evans, Jenny Maeda
O Habitat for Humanity – Kristin Candella
O Elevation Community Land Trust – Stefka Fanchi, Robin Hickey, Ryan Kelly
O CARE Housing – Steve Kuehneman, Dustin Barrington, Kim Iwanski
• PUBLIC ATTENDEES: Hep Wilkins
2. AGENDA REVIEW
Adam Molzer reviewed agenda. The Boards accepted the agenda without modification.
3. INTRODUCTIONS
The members of both groups (Affordable Housing Board & Human Services Housing Funding
Board) introduced themselves.
4. PRESENTATIONS
Beginning at 5:45pm, the five (5) affordable housing applicants conducted presentations for the
HSHF and AHB members, each followed by question-and-answer periods.
• Housing Catalyst (two presentations)
• Neighbor To Neighbor
• Habitat for Humanity
• Elevation Community Land Trust
• CARE Housing
5. PRELIMINARY REVIEW AND DISCUSSION OF AFFORDABLE HOUSING PROPOSALS
FOR FUNDING THROUGH THE COMPETITIVE GRANT PROCESS
Adam Molzer began by iterating that the discussion goal of the evening will be a “high-level,”
collaborative discussion to review six (6) funding applications for affordable housing. The
primary goal for individual contributions from both groups and an occasion to gain a better
understanding of the perspectives each group brings to the subject matter.
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• Total requests: Approximately $5M, estimated total funds available: $2.5M
• An excess of approx. $300,000 from FY21 has been reallocated to the FY22 grant cycle.
• There are three CHDO-eligible projects. CHDO funding totals $110,000.
• Board members discussed the impact of other required equity partners (ex. Tax credits)
on the readiness of a proposed building project. City staff explained that new
construction and rehab development require local commitment to apply for Low-Income
Housing Tax Credits (LIHTC). City funding is often the first and last source for new
construction and rehab development: receiving City grant funds demonstrates local
commitment for housing projects to explore additional sources (such as tax credits)
while also allowing developers to return the following year to fill gaps identified to
complete the project.
• If possible, full funding for housing proposals should be made recommended. Rental
projects that are not applying for LIHTC reported having all other funds prepared, except
for those requested from the City. These developments would sooner move forward with
development.
• City grant funds can be award conditionally, based on the award of tax credits. If a
proposed project was not able to secure the tax credits needed to proceed, those grant
funds would most likely be reallocated to a request made within the same fiscal cycle
and that organization who did not receive funds would then be allowed to reapply the
following year.
• The type of tax credit for which the developer applies can change the likelihood that they
receive them. Four percent (4%) tax credits are non-competitive if the developer has
been issued their Private Activity Bonds. Nine percent (9%) tax credits are always
competitive.
• The Kechter Landbank/ Elevation Community Land Trust development is not eligible for
fee credits. Those are only available to new construction projects targeting <30% AMI.
• City staff will request clarification from Elevation Community Land Trust regarding the
number of presold units.
• There are not any affordable units that are at risk of being sold to private developers.
Both rehabilitation proposals were presented by mission-based nonprofits. To City’s staff
knowledge, neither have mentioned selling the affordable units and one property has
restrictions that require it to remain affordable housing based on prior funding received.
6. OTHER BUSINESS
Adam Molzer noted that the HSHF-Board’s next meeting will be on April 6, 2022 at 5:30pm.
The AHB’s next meeting will be on April 7, 2022 at 4:00pm.
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HSHF-Board members will be sent a short questionnaire to identify any projects that will
require more discussion at the meeting on April 6.
Amanda McGimpsey resigned from the HSHF-Board as she has recently accepted a position
within the Social Sustainability Department at the City.
Adam Molzer thanked everyone for their time and energy this evening.
7. ADJOURNMENT
Meeting adjourned at 9:29 PM.
Minutes were finalized and approved by the HSHF-Board on ____________________
City of Fort Collins Staff Liaison: ____________________________________________
Adam Molzer
Minutes were finalized and approved by the Affordable Housing Board on ____________________
City of Fort Collins Staff Liaison: ____________________________________________
Sue Beck-Ferkiss
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April 26, 2022
May 5,2022