DDA: Housing Commission Gets $600K
The Ann Arbor Housing Commission has received a grant of $600,000 to put into capital improvements to two properties in or near the Ann Arbor Downtown Development Authority tax capture district: Baker Commons and Miller Manor.
Baker Commons is a 64-unit building located at the southeast corner of Packard and Main, within the DDA district. Miller Manor is a 103-unit building on Miller Avenue outside the DDA district, but within a quarter-mile of the district boundary. That conforms with the DDA’s policy on use of its tax increment finance (TIF) funds for housing.
The $600,000 – which is to be paid in three $200,000 annual installments starting this year – was approved at the DDA board’s April 2, 2014 meeting. The … [Full Story]