Comments on: Public Housing Conversion Takes Next Step

By: Mary Morgan

Mary Morgan — Mon, 27 Jan 2014 04:49:10 +0000

Re. “I don’t think that the terms ‘Maple Towers’ and ‘River Run’ refer to actual properties. They are the names of ‘groupings’ set up to receive tax credits.”

That’s correct. For purposes of applying for the tax credits, the AAHC needed to combine the properties into two groupings, because the commission could only make two applications for the August round of funding. There is no connection among the properties other than that.

Re. the city’s affordable housing trust fund: Jennifer Hall did indicate that she hoped to get additional funding from the city, but she didn’t state explicitly that the funding would come from the trust fund. I’ll ask if that’s a potential source – I assume it would be.

By: Vivienne Armentrout

Vivienne Armentrout — Mon, 27 Jan 2014 01:31:27 +0000

Donna,

Obviously not as ignorant as I am!

By: Donna Estabrook

Donna Estabrook — Mon, 27 Jan 2014 00:30:12 +0000

Vivienne – I don’t think that the terms “Maple Towers” and “River Run” refer to actual properties. They are the names of “groupings” set up to receive tax credits. See the 6th paragraph under the heading “Public Housing Conversion” in the article. I don’t understand how a grouping functions but I am ignorant about this whole topic.

By: Vivienne Armentrout

Vivienne Armentrout — Mon, 27 Jan 2014 00:06:00 +0000

Thank you so much for covering this important area.

I was puzzled by the “Maple Towers” reference and went looking on the city website for a comprehensive list and map of AAHC properties, but couldn’t find one. Could you please provide a link?

Note that an underlying theme is the future need for more funding. Is this what the Affordable Housing Trust Fund will be used for? I have not been able to discover who is administering that fund on a day-to-day basis.