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Resolution of Support for Proposed Low Income Housing Project - Gronen DevelopmentCity of Dubuque City Council Meeting Action Items # 02. Copyrighted April 17, 2023 ITEM TITLE: Resolution of Support for Proposed Low Income Housing Project— Gronen Development SUMMARY: City Manager recommending City Council approval of a resolution of support for a proposed rehabilitation of low-income housing at the Henry Stout Apartments, 125 W 9th Street by Gronen Development. SUGGESTED DISPOSITION: ATTACHMENTS: Description MVM Memo Staff Memo Resolution Letter of Support Letter of Intent PBV RESOLUTION Providing a Letter of Support for a Low -I ncome Housing Tax Credit Project proposed by Gronen Development Suggested Disposition: Receive and File; Adopt Resolution(s) Type City Manager Memo Staff Memo Resolutions Supporting Documentation Supporting Documentation THE C Dubuque DUj!BQTE WAWca 914 Masterpiece on the Mississippi YP pp aoo�•o 13 zai7*20*�oi9 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Resolution of Support for Proposed Low Income Housing Project — Gronen Development DATE: April 13, 2023 Housing & Community Development Director Alexis Steger is recommending City Council approval of a resolution of support for a proposed rehabilitation of low-income housing at the Henry Stout Apartments, 125 W 91" Street by Gronen Development. I concur with the recommendation and respectfully request Mayor and City Council approval. v Mic ael C. Van Milligen MCVM:sv Attachment CC' Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Alexis Steger, Housing and Community Development Director THE CJE F Dubuque A�AmericaCiDIU6--B 11111. F Masterpiece on the Mississippi ZU07.2012 • 2013 TO: Michael C. Van Milligen, City Manager FROM: Alexis M. Steger, Housing and Community Development Director DATE: April 13, 2023 RE: Resolution of Support for Proposed Low Income Housing Project — Gronen Development Introduction This memorandum requests approval of a resolution of support for a proposed rehabilitation of low-income housing at the Henry Stout Apartments. Background A developer, Gronen Development intends to submit an application for 9% Low- income housing tax credits to the Iowa Finance Authority for the rehabilitation of units at 125 W 9t" Street, known as the Henry Stout Apartments. The requested resolution of support, and Section 8 Project Based Voucher Commitment will show strong local support for the project, which will bolster Gronen Development's Low Income Housing Tax Credit (LIHTC) application to the Iowa Finance Authority (IFA). Discussion The resolution affirms housing incentives previously approved by City Council. Prior to the project moving forward, a development agreement would be required that would outline specific incentives and requirements. Consistency with City Council Goals & Priorities The City of Dubuque reviews applications for city support to ensure the request is consistent with the City Council Goals & Priorities. The proposed Gronen Development project furthers City Council goals of having "Livable Neighborhoods and Housing: Great Place to Live" and "Partnership for a Better Dubuque: Building our Community that is Viable, Livable, and Equitable". This project also furthers the "Management in Progress" efforts to support Low Income Housing Tax Credits Program/Projects. Source of Income Committee In December 2014, the City Council approved formation of a Source of Income Committee to conduct a two-year study examining the HCV program and its relationship to fair housing, with a goal of identifying ways to enhance fair housing in Dubuque (see Attachment C). In February 2017, the Source of Income Committee ultimately recommended a collective impact approach to adopt and implement a mix of educational, outreach, and financial programs to increase housing provider participation in the HCV program. These recommendations are found in the Comprehensive Plan: Adopt and implement a mix of educational / outreach programs to increase participation in HCV program. Adopt and implement a mix of financial incentives / policies for creation of HCV units throughout community. Based on the Source of Income Committee recommendations, the City now requires housing developers to accept HCV participants in conjunction with approval of an affordable housing development agreement related to an urban revitalization plan. Prior to project commencement Dubuque Housing Group will be required to enter into an agreement with the City of Dubuque which would include the requirement to accept housing choice vouchers. Location Affordable housing projects are given a priority for city support if they are located outside an area of concentrated poverty based on the recommendations of the Voluntary Compliance Agreement and U.S. Department of Housing and Urban Development. This project is not outside the area of concentrated poverty. Opportunity Areas Iowa's LIHTC program calculated the "high" and "very high" opportunity areas as part of the State of Iowa's Analysis of Impediments to Fair Housing Choice. IFA and the Iowa Economic Development Authority are required to conduct such an analysis because both agencies administer HUD funding. One of the components of the Analysis is to identify Opportunity Areas. HUD adapted the Communities of Opportunity model to calculate opportunity index scores for each census block group on six separate dimensions: Prosperity, Labor Market Engagement, Job Access, Mobility, School Proficiency, and Community Health. Each dimension analyzed for Iowa's Analysis of Impediments to Fair Housing Choice includes a collection of variables describing conditions for each census tract in the State. Community Input All projects requesting city support are required to hold a community meeting, where at a minimum, residents within a 200-foot radius of the project receive an invitation. No concerns were raised at that meeting. Any site development would require review by the Development review team and storm water management and erosion controls would be required at that time. Recommendation Staff recommends the City support these efforts to promote quality, affordable housing, with attention to the needs of families. Action Requested I respectfully request the City Council approve the Resolution of Support. Cc: Wally Wernimont, City Planner Crenna Brumwell, City Attorney 3 Prepared by Alexis Steger, Housing & Community Devel., 350 W. V St., Suite 312, (563) 690-6072 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13th St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 120-23 PROVIDING A LETTER OF SUPPORT FOR A LOW-INCOME HOUSING TAX CREDIT PROJECT PROPOSED BY GRONEN DEVELOPMENT WHEREAS, Gronen Development ("Developer'), is proposing to submit an application for 9% LIHTC to the Iowa Finance Authority ("IFA") for a proposed affordable housing project on the Property; and WHEREAS, IFA requires, as part of an application by the Developer, documentation from the City enumerating project -specific support which is not more than 180 days old on or as of the date the application is submitted; and WHEREAS, the City Council desires to affirm the project provision of a public benefit by creating new affordable housing units in the community and further desires to affirm support of an application of LIHTC for the Project and conditional approval of certain financial assistance. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA, as follows: 1. The City Council affirms and authorizes its support of the proposed Project by the Developer to IFA for the competitive 9% LIHTC funding in the 2023 application round. 2. The City Council provides conditional financial support for the Project through established housing creation incentives, subject to approval by IFA of the Project for 9% LIHTC Funds in the 2023 application round, and an executed development agreement. Passed, approved and adopted this 17th day of April, 2023. BradIP6avanagh, Mayor Attest: �? Adrienne N. Breitfelder, City Clerk THE CITY OF DUB. TE Masterpiece on the Mississippi April 11, 2023 John Gronen President Gronen Development 900 Jackson St Ste. LL-2 Dubuque, IA 52001 Dear Mr. Gronen, Dubuque III-Anrin Cla I 11. 2007-2012.2013 2017*2019 Housing & Community Development Department 350 West 6" Street, Suite 312 Dubuque, Iowa 52001 Office (563) 589-4230 Fax (563) 690-6693 The City of Dubuque continues to face increased challenges in the need for quality, affordable housing. Increasing safe and affordable housing opportunities is a primary focus of the City's FY 2021-2025 Consolidated Plan, and we are pleased to support the rehabilitation of affordable housing proposed by Gronen Development at 125 W 91" Street, locally known as the Henry Stout Apartments. Gronen has committed to the submission of an application for the 9% Low Income Housing Tax Credit. The city understands redevelopment of this historic property in downtown areas can be an expensive venture. New construction on the outskirts of town may be a less expensive option, but the city believes there are many benefits to revitalizing the downtown area. The Henry Stout Senior Apartments, originally the Dubuque Young Men's Christian Association Building ("Dubuque YMCA Building", was once a piler for recreation and culture in the downtown area. This project will ensure affordable housing is available in one of the City's lowest -income census tract, encourage additional revitalization, utilize existing resources to prohibit the destruction of the environment, and maintain a historical destination where citizens and visitors can live, work, and play. The City of Dubuque is committed to revitalizing the downtown and this project is a catalyst project to continue the long-term process of transforming the area. The city has been a partner in discovering financing mechanisms for these projects and is excited for the possibility of making downtown Dubuque a greater place to live, work, and play. Sincerely, Alexis Steger Housing & Community Development Director City of Dubuque, Iowa Service People Integrity Responsibility Innovation Teamwork THE C Dubuque F :i DUjABeQtFE, All•AwaaCiry t 11l}i l ► Masterpiece PP iece on the Mississippi 2017 trzm3 2ov*zais April 13, 2023 John Gronen President Gronen Development 900 Jackson Street, Suite LL-2 Dubuque, IA 52001 Housing and Community Development Assisted Housing Program 350 W. 6" Street, Suite 312 Dubuque, IA 52001 EQUAL HOUSING Office (563) 589-4230 OPPORTUNITY Fax (563-589-4244 RE: Gronen Development, Henry Stout Apartments Letter of Commitment — Project Based Vouchers Dear Mr. Gronen: This letter serves as a commitment from the City of Dubuque Public Housing Authority for Section 8 Project Based Voucher rental assistance for 27 apartment units at 125 W 9t" Street, Dubuque, IA 52001. The City of Dubuque Public Housing Authority can pay up to 110% of the Small Area Fair Market Rent (SAFMR) per month. We are committing to provide subsidy for a minimum duration of 10-years subject to the following: 1. The project must receive an allocation of tax credits in the 2023 allocation cycle. 2. The project must receive approval from the U.S. Department of Housing and Urban Development (HUD) following a Subsidy Layering Review. 3. Funds are subject to HUD's annual appropriation and program funding availability. 4. The owner of the project must enter into a final agreement for the rental assistance which is acceptable to the City of Dubuque Public Housing Authority. The city believes there are many benefits to revitalizing the downtown area. The Henry Stout Senior Apartments, originally the Dubuque Young Men's Christian Association Building (`Dubuque YMCA Building"), was once a pillar for recreation and culture in the downtown area. This project will ensure affordable housing is available in one of the City's lowest -income census tract, encourage additional revitalization, utilize existing resources to prohibit the destruction of the environment, and maintain a historical destination where citizens and visitors can live, work, and play. The City of Dubuque is committed to revitalizing the downtown and this project is a catalyst project to continue the long-term process of transforming the area. The city has been a partner in discovering financing mechanisms for these projects and is excited for the possibility of making downtown Dubuque a greater place to live, work, and play. Sincerely, Alexis Steger Housing & Community Development Director Service People Integrity Responsibility Innovation Teamwork