How did the County Affordable Housing Funding Get Decided?

Posted June 27th, 2017 @ 7:59 AM by

I don’t recall seeing any information about public presentations or input . . . did a committee review applications? Who’s on that committee? Who all applied? What other projects were considered? Where could one find such information?

Sigh. I honestly don’t know. I know I missed a few meeting notices here and there but . . . I don’t recall seeing anything about this, except the RFP went out . . .then what happened?

Here’s the resolution to be considered tomorrow night by Health and Human Needs:

2017 RES-108
AFFIRMING AWARDS UNDER THE 2017
AFFORDABLE HOUSING DEVELOPMENT FUND

Dane County plans to award funding to six projects from the 2017 Affordable Housing Development Fund. The fund had $2,000,000 to award through a request for proposal process in 2017. Responses to the RFP included over $5.2 million in requested funding. Review of the responses resulted in the following awards of funding:
1) $525,000 to Gorman & Company for the Union Corners GrandFamily project. The development will include 59 units total consisting of a mix of affordable and market-rate units for families.
2) $450,000 to Dane County Housing Authority for the purchase of a 20-unit building in Bellville and $282,915 for a 20-unit building in Mazomanie. Purchasing these buildings will insure they remain affordable rather than being converted to market-rate.
3) $342,220 to MSP Real Estate for the development of a rental housing project. The proposed development is a 57-unit independent senior (55+) affordable rental development to be located at 6509 Normandy Lane in Madison.
4) $250,000 to Retirement Housing Foundation for the development of a 60-unit building on a six acre site in Fitchburg. The development will serve the elderly population with incomes of between 30% and 60% of the Annual Median Income.
5) $149,865 to Movin’ Out for the construction of a 59-unit affordable multifamily housing
community in the City of Stoughton within the Riverfront Redevelopment Area. The development will include a total of 59-units consisting of 1, 2 and 3 bedroom units.

Resolutions specific to each project will be forwarded to the County Board to approve purchases, leases and other documents related to the financing structure of each project.

Therefore Be it Resolved that the County Board affirms the awards for the 2017 Affordable Housing Development fund.

I rather like several of these developers and I’m glad they go the money but . . . it’s feeling a little sketchy and information lite.

The fiscal note only says this:

The recommendation for the awards was made by the staff team created in the 2015 budget to administer the fund.

In the past there were open and public meetings . . . what happened? Here is testimony from February of 2015. No such meetings like this in 2017?


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