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HomeMy WebLinkAboutAffordable Housing Board - Minutes - 04/05/2007Planning, Development & Transportation 6City Planning & Community Development fcgov.com/cityplanning 6 NOTE: These minutes were approved at the May 3, 2007, meeting. City of Fort Collins CITY OF FORT COLLINS AFFORDABLE HOUSING BOARD MEETING MINUTES 281 N. College Ave. Fort Collins, Colorado April 5, 2007 Denise Rogers, Chair Ken Waido, Staff Liaison, 970-221-6753 City Council Liaison: To be determined at the May 1 Council meeting Board Members Present: Denise Rogers, Jon Fairchild, Dan Byers, Jason Oldham, Robert Sullivan, Ashley Monahan, and Rachel Davis. Board Members Absent: Kevin Brinkman and Pete Tippett Advance Planning Staff Present: Ken Waido Council Members Present: None Board Vice -Chair Jon Fairchild called the meeting to order with a quorum present at 4:08 p.m. Open Public Discussion None. Approval of the Minutes of the March 1, 2007 Meetine Robert Sullivan moved that the minutes of the January 11, 2007, meeting be approved. Dan Byers seconded the motion. The motion passed unanimously 5-0 (Denise Rogers arrived later in the meeting). Buildine Advocacy for Affordable Housing. Candace Mayo, Executive Director of Habitat for Housing, attended the meeting and made a presentation to the Board regarding her organization's mission, exiting projects, and future projects. Highlights of the presentation are summarized below: Candace started by reviewing her personal background including her work for the Loveland Housing Authority up to becoming the first Executive Director of the Fort Collins Chapter of Habitat for Humanity in 2000. The Fort Collins Chapter was started in 1993 and was averaging about 1 new house per year. In 2006, the Chapter completed 10 homes and has completed a total of 37 homes so far in Fort Collins. Most funding for new homes comes from local sources. City funding is basically used to purchase land. Local entities are now sponsoring homes and she used the Lincoln Jr. High student project as an example. Families are required to supply "sweat equity" in their homes. HUD regulations define "affordability" as paying no more than 30% of a family's income for housing. When a family purchases a Habitat home, their house payment is based on 30% of their income at the time of closing Habitat families are all below the 50% AMI level. There are several loans on the property, including a loan for the land and a loan on the "bricks." If a Habitat homeowner sells the house in the future they receive the total benefit of the market appreciation, after all loans have been repaid. Candace reviewed several Habitat projects, including: • The 4-plex at Rigden Farms, that also had 2 Carriage Houses that are "market" units to help subsidize the Habitat units 281 North College Avenue • PO Box 580 • Fort Collins, CO 80522-0580 • 970-221-6376 Fax 970-224-6111 . TDD 970-224-6002 9 cityplanning@fcgov.com April 5, 2007, Affordable Housing Board Meeting Minutes —pg. 2 • The Parade of Homes joint effort with a private builder • The Woman -Build Program In addressing a question from the Board, Candace elaborated on how families are selected to receive a Habitat home. Development Impact Fee Freeze for Affordable Housing Projects The Board had a long discussion as to whether or not to pursue this issue. Staff explained what an impact "freeze" would actually mean, i.e., other funds would need to be found to cover any gaps in the differences between current and future impact fee levels. It was agreed that if the issue were going to be pursued, that a solution should also be offered to the Council. The Board asked staff to research some data (affordable housing funding levels and impact fee increases for the last 10 years) that could be used for justification in a position to be taken by the Board. The bottom line would be to place the Board in a position to advocate for additional funding for affordable housing purposes. Given the current policy focus of the Council, any recommendation should be connected to the issue of economic development. Periodic Review Process The Board delayed discussion of this item until the May meeting where it will be discussed. Chair Denise Rogers requested Board members come prepared to answer the questions of the questionnaire that is due to the City Clerk by July 9 in time for the Council Work Session on July 24.This item will continue to appear on the Board's agenda until the questionnaire is completed. Liaison Reports None. Other Business None.