At its May 16, 2011 meeting, the Ann Arbor city council approved an addition to its neighborhood stabilization program (NSP) budget and a corresponding expenditure to pay for the demolition of three houses as site preparation for the Near North affordable housing project on North Main.
The addition to the NSP budget came from a reimbursement. The owner of a house paid back NSP money to the city, previously expended to demolish the owner’s property. That reimbursement amounted to $24,135. NSP funds come originally from federal grants allocated through the Michigan State Housing Development Authority (MSHDA).
In addition, city staff identified an NSP homeowner acquisition and rehabilitation project that was completed under budget by $11,750. Combined, the additional revenue to the NSP budget and the savings on the rehabilitation project amount to $35,885. Of that amount, $33,292 will be used to pay for the demolition of 718, 722, and 724 N. Main St., with the remaining $2,593 going to administration costs in the office of community development. The money will be allocated to the nonprofit Avalon Housing, which is developing the Near North project with Three Oaks.
The city council originally approved rezoning for the project – a four-story, 39-unit mixed use residential building on a 1.19-acre site – on Sept. 21, 2009
This brief was filed from the city council’s chambers on the second floor of city hall, located at 301 E. Huron. A more detailed report will follow: [link]