Booker T. Washington Revitalization - Low Income Housing Tax Credits Endorsement
Initiator
David Arrington, Deputy City Manager
Recommendation
Approve a resolution endorsing the application by the Housing Authority of \n \n Columbus, Georgia/Columbia Residential Partnership to the Georgia department of \n \n Community Affairs for 2014 Low-Income Housing Tax Credits to construct Phase 2- \n \n a multi-family community for families on the north side of the current BTW site \n \n (500 5th Avenue), Columbus, Georgia; and reaffirms that said redevelopment is \n \n in accordance wit the Liberty District Master Plan as approved by Council \n \n Resolution No 230-04.
Approval
Pending
Background
Council approved the adoption of the Liberty District Master Plan by Resolution
No. 30-04 on June 1, 2004. The revitalization of Booker T. Washington
Apartments (BTW) to include the relocation of all BTW residents, the demolition
of the current 392 severely distressed housing units and the redevelopment of
BTW into a new master planned, mixed income, mixed use community is an integral
component of the Plan. The Housing Authority of Columbus, Georgia was
successful in obtaining 2013 Low-Income Housing Tax Credits for the first phase
of construction of approximately 100 multi-family units of "housing for older
persons" located on the former Chapman Homes site, 3725 Chapman Way.
Analysis
The second phase of the revitalization of BTW is for the development of
approximately 106 new multi-family rental units on the north half of the
existing BTW property located at 500 5th Avenue. The Plan has been presented
to the residents, stakeholders and the community at large. The City is
committed to the implementation of the Plan and the revitalization of BTW and
has entered into a Memorandum of Agreement with HACG dated May 31, 2013
agreeing to contribute a total of $2.5 million into the project.
Financial Considerations
Pam - Please complete this section.
Projected Annual Fiscal Impact Statement
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Legal Considerations
Approval of this resolution requires the affirmative vote of Council
Recommendations/ Actions
Approve a resolution endorsing the application by the Housing Authority of
Columbus, Georgia/Columbia Residential Partnership to the Georgia department of
Community Affairs for 2014 Low-Income Housing Tax Credits to construct Phase 2-
a multi-family community for families on the north side of the current BTW site
(500 5th Avenue), Columbus, Georgia; and reaffirms that said redevelopment is
in accordance wit the Liberty District Master Plan as approved by Council