HomeMy WebLinkAboutWOODLANDS PUD - ADMINISTRATIVE CHANGE - 27-95 - CORRESPONDENCE - CITIZEN COMMUNICATIONThere is no reason for a developer seeking subsidy to not
completely divulge his sources of funding or his true costs.
Shepherd was not willing to represent those sources or costs in
an April 17th public hearing. In a newspaper article dated April
21st, Kaufman and Broad represented that they had received a
Division of Housing loan and any LPHT,C reservation in support of
the project, neither representation is true.
when City staff begins to recognize their obligations is to
question deeper than people doing good things. When City staff
knows how to evaluate an affordable housing project for subsidy
layering, then Sibbald can stop asking the questions that staff
won't.
It's clear to me Kaufman & Broad could care less about our
affordable housing problems. They care about doing deals,
especially when those deals drop an extra million or two to their
bottom line.
Very truly yours,
TCJu/
Thomas R. Sibbald
Vice President
SHY DS STREET CORPORA" )N
April 25, 1995
Ms. Shelly Stevens, Mr. Alan Sluharty
Mr. Steve Olt, Ms. Jackie Davis
Re: Kaufman & Broad
Woodland Apartments
Fort Collins, Colo.
Dear Shelly, Alan, Stan and Jackie:
Kip Shepherd, of Kaufman & Broad, has represented that
someone'at the City had told him that Tom Sibbald is against this
project. Mr. Carlson, the land seller, has also represented that
Mr. Shepherd has made a similar allegation to him. Each of you
has had contact with K & B, so I can only assume that one of you
has made that representation.
For the record, I am not against multi -family housing
anywhere in the City, nor am I against this multi -family project
as an affordable housing project.
I am reluctant to let any developer of any subsidized
project rip off of the system. There is no reason why the
Woodlands Apartment project would or should cost $8.9 million.
There is no reason why a developer with nothing to hide
would forget to bring a copy of his Division of Housing
Application to a public meeting, unless he didn't care that
people could actually see what was contained in the application.
2301 Research Boulevard Suite 204 A Fort Collins, Colorado 80526
303-493-7900