HomeMy WebLinkAboutResolutions - 2020.10.21 - 33776MISCELLANEOUS RESOLUTION #20464 October21, 2020
BY: Commissioner Penny Luebs, Chairperson, Health, Safety and Human Services Committee
IN RE: HEALTH AND HUMAN SERVICES/COMMUNITY AND HOME IMPROVEMENT DIVISION —
APPROVAL OF PROJECT FUNDING FOR REDEVELOPMENT OF AFFORDABLE RENTAL
HOUSING IN THE CITY OF PONTIAC LOCATED AT CARRIAGE PLACE
To the Oakland County Board of Commissioners
Chairperson, Ladies, and Gentlemen:
WHEREAS Oakland County is committed to working in partnership with its local cities, villages, and
townships to support, preserve, and increase the stock of affordable housing for low-income persons; and
WHEREAS large numbers of these households include seniors, working families, children, immigrants,
and disabled members of our community; and
WHEREAS preserving quality homes for the current and future residents of public housing must be the
ultimate focus of any efforts to address affordable housing needs in Oakland County; and
WHEREAS the federal government has for decades underfunded the major repair, renovation, and
redevelopment needs of public housing; and
WHEREAS preventing the long-term loss of these homes require new levels of collaboration, community
commitment, financial tools, and willingness to bring a broad coalition to the table; and
WHEREAS available funds advance to assist in the development or rehabilitation of low-income housing
projects, including projects to leverage County funds to receive tax credits from the Michigan State
Housing Development Authority (MSHDA); and
WHEREAS the Pontiac Housing Commission (PHC) owns and operates public housing that provides
homes to low-income residents in neighborhoods across the City of Pontiac; and
WHEREAS the PHC is seeking to finance much needed renovations of Carriage Place as part of the U.S.
Department of Housing and Urban Development's (HUD) Rental Assistance Demonstration (RAD)
Program; and
WHEREAS additional funding sought by the PHC from the County of Oakland will be used for the
renovation of 234 units of existing, affordable rental housing at Carriage Place through the MSHDA Low
Income Housing Tax Credit (LIHTC) program; and
WHEREAS the PHC requested Oakland County provide monies from the Oakland County HOME
Investment Partnership (HOME) program funds to bridge a gap in resources in the overall $37 million
renovation of the Carriage Place project to preserve viable, affordable housing to some of our County's
most vulnerable individuals; and
WHEREAS the PHC's request was presented to the Board of Commissioners at its November 7, 2019
meeting, and at that meeting the Board of Commissioners' Chairperson referred the matter to the Finance
Committee; and
WHEREAS on August 27, 2020, the MSHDA Board approved resolutions determining the mortgage loan
feasibility and authorizing the mortgage loan for the Carriage Place project; and
WHEREAS Oakland County's commitment of HOME program funds is essential for the Carriage Place
project; and
WHEREAS the Oakland County Executive and the Community and Home Improvement Division
recommend the Board of Commissioners approve a loan of $1,500,000.00 of HOME program funds to
Carriage Place Limited Dividend Housing Association Limited Partnership to renovate 234 units of
existing affordable rental housing at Carriage Place, Pontiac, Michigan through the Michigan State
Housing Development Authority Low Income Tax Credit program.
NOW THEREFORE BE IT RESOLVED the Oakland County Board of Commissioners grants approval of
a HOME Investment Partnerships program loan in the principal amount of $1,500,000 to Carriage Place
Limited Dividend Housing Association Limited Partnership to renovate 234 units of existing affordable
rental housing at Carriage Place, Pontiac, Michigan through the Michigan State Housing Development
Authority Low Income Tax Credit program.
BE IT FURTHER RESOLVED the obligation to make the loan and any disbursements thereof are
contingent upon the award of LIHTC from MSHDA, HUD's approval as required and necessary, and
Oakland County's satisfaction that all applicable HOME program requirements governing the project are
met.
BE IT FURTHER RESOLVED the Oakland County Board of Commissioners Chairperson is authorized to
sign all documents necessary to effectuate the $1,500,000.00 loan of HOME program funds for the
Carriage Place project.
Chairperson, on behalf of the Health, Safety and Human Services Committee, I move the acceptance of
the foregoing resolution.
"-b �-
Commissionerrlenny Luebs, District #16
Chairperson, Health, Safety and Human
Services Committee
HEALTH, SAFETY AND HUMAN SERVICES COMMITTEE VOTE:
Motion carried on a roll call vote with Kochenderfer and Gingell absent
FINANCE AND INFRASTRUCTURE COMMITTEE VOTE:
Motion carried unanimously on a roll call vote.
Resolution #20464 October 21, 2020
Moved by Luebs seconded by Powell the resolution be adopted.
Discussion followed.
Vote on resolution:
AYES: Kuhn, Long, Luebs, Markham, McGillivray, Miller, Nelson, Powell, Quarles, Spisz, Taub,
Weipert, Woodward, Zack, Gershenson, Gingell, Hoffman, Jackson, Kochenderfer, Kowall. (20)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolution was adopted.
T HIS FmSOLUTION
I HERE6Y APP"', CO EXECUTIVE
CHIEF DEPUTY COUNT
ACTING PURSUANT TO MCL 45.559A lT?
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lisa Brown, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and
accurate copy of a resolution adopted by the Oakland County Board of Commissioners on October 21,
2020, with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the Circuit Court at Pontiac,
Michigan this 21st day of October, 2020.
Lisa Brown, Oakland County