06-14-2023 Council Packet - Laserfiche WebLink

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STAFF REPORT TO: Mayor Fischer and Members of the City Council FROM: Corrin Wendell, Community Development Director DATE: June 14, 2023 RE: Metropolitan Council – Livable Communities Act (LCA) Development Grant Application – Resolution of Support ACTION TO BE CONSIDERED: The City Council is asked to consider approval of a Resolution of Support to submit a Livable Communities Act (LCA) Development grant application to the Metropolitan Council. BACKGROUND: The Metropolitan Council administers the Livable Communities Act (LCA) grant program that provides funding to developers, cities, counties, and housing authorities for various development-related initiatives. The LCA Development program ($2M in funding) is currently accepting grant applications for early-stage development initiatives such as design workshops, financial studies, project impact analyses, and community engagement, among many other eligible activities. Little Canada Senior Housing Project Description Lupe Development proposes 106-unit, 100% affordable senior (age 55+) rental housing project in Little Canada, Minnesota. The project is to be developed through the Low-Income Housing Tax Credit (LIHTC) program with 100% of the units being affordable. The project site is 2.63 acres of vacant land located 99 County Road B East. The development team proposes to build a four-story building, with one level of underground parking. The site will also have at grade level parking lot. The 106 units of affordable senior housing would include 20 studios, 68 one bedrooms, and 18 two bedrooms with rents ranging from 30% to 80% AMI. The majority (91 units) or 86% of the units are affordable at or below 60% AMI. The project also includes supportive housing units at 30% AMI. These 11 studio units will target homeless population in need of housing, and will be supported by a service contract. The development proposes the studio units to be 540 sq ft, the one-bedroom units to be 650 sq ft, and the two-bedroom units to be 1,000 sq ft. The project does not have any commercial space; however, the building will have first floor common areas and amenities including lobby, fitness center, community/clubroom with kitchen, outdoor gardening, business center, package and mail room, trash and recycling facilities, and leasing/management offices. The project will include approximately 97 parking spaces through a combination of below ground and outside surface at- grade stalls.