HomeMy WebLinkAboutAffordable Housing Board - Minutes - 10/06/1994AFFORDABLE HOUSING BOARD
MEETING MINUTES
October 6, 1994
The meeting of the Affordable Housing Board began at 4:10 p.m. in the
Community Planning Conference Room, 281 North College Avenue, Fort Collins,
Colorado. AHB members present were Chairperson Mary Cosgrove, Craig
Welling, Joanne Greer, Suzanne Jarbo-Simpson, Susan Nabors, Ann Sanders,
Christa Sarrazin, and Tom Sibbald. City Council member Gina Jannett was
present. Staff members present were Ken Waido, and Mike Ludwig. Suzanne
Jarbo-Simpson was present.
No public comment was offered.
Moved by Ms. Nabors, seconded by Ms. Greer: To approve the minutes of
September 1, 1994, with the following amendment: That Ann Sanders be
shown as present; and to approve the minutes of September 7, 1994.
Motion passed unanimously.
The "Development Impact Fee Rebate Program for Affordable Housing"
document was handed out. Discussion was held concerning the best time to
reconvene to discuss its contents. Mr. Ludwig reviewed certain items for the
Board:
I - All rents are imputed rents.
IV(C) - Discussion whether grant money used for fees is subject to rebate.
The consensus was that it was not.
IV(D) - Includes a sliding scale.
IV(D)(3) and IV(E)(1) - Contrasts in rental projects and home ownership
projects were discussed.
Discussion was held concerning a date to review the rebate program guidelines.
Moved by Mr. Sibbald, seconded by Ms. Greer: To table Agenda Item D to
Wednesday, September 7, 1994, at 4:00 p.m. Motion passed unanimously.
Susan Edminster informed the Board of a $2.3 million grant from the State, and
the conditions under which the City could ensure that the applicable could be
used for affordable housing programs. The grant is tax-exempt bond availability,
with the money in reserve backing the bonds. The sole applicant is Tabor
Development Company for a 120-unit (48 designated as affordable) project at
Harmony and Shields. Discussion was held conceming this type of project and
Its funding. Discussion was further held concerning the advertising of the bond as
being available to encourage the building of affordable housing.
Discussion was held concerning the entity responsible for certifying projects as
affordable. The Board does not now have certification authority. In the absence of
AHB Minutes
October 6, 1994
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that Board authority, Staff authorized CARE housing to proceed with application
for fee deferral.
Discussion was held over the definition of affordable housing; the entity, potential
and actual, that certifies projects as failing within that definition; and whether the
Board wished to make recommendations to Council on how that mechanism be
achieved. Moved by Ms. Nabors, seconded by Mr. Greer: To table this agenda
Item to the Wednesday, September 7, 1994 meeting. Motion passed
unanimously.
The Board recessed 5:00 p.m., to reconvene at 4:00 p.m., September 7, 1994.