Council OKs $600K for Ann Arbor Housing Commission
Three resolutions supporting the Ann Arbor Housing Commission’s work to renovate its housing stock have been given approval by the Ann Arbor city council: a $600,000 transfer from the city’s affordable housing fund to AAHC; approval of a payment in lieu of taxes (PILOT) for AAHC properties; and approval of a 50% waiver of fees for capital improvement projects to be undertaken by AAHC.
The three actions were taken at the city council’s April 21, 2014 meeting.
By way of background, at its March 3, 2014 meeting, the council had directed the city administrator to prepare a budget resolution that would allocate $600,000 from the city’s affordable housing trust fund to support the AAHC’s plan to renovate its properties.
That allocation … [Full Story]