STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: June 9, 2021
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
Title
Authorize the execution of a conditional grant agreement with 1600 Pennsylvania, a nonprofit subsidiary of St. Philip's School and Community Center, in the amount of $550,000.00 for public infrastructure improvements and construction costs of up to six single-family homes and up to one accessory dwelling unit and in the amount of $120,000.00 for the purchase and installation of solar panels for six single-family homes - Total not to exceed $670,000.00 - Financing: ECO (I) Fund (2017 General Obligation Bond Fund) ($550,000.00) and General Fund ($120,000.00)
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BACKGROUND
St. Philip's School and Community Center, acting through 1600 Pennsylvania, a nonprofit subsidiary (Developer or St. Philip's) submitted a proposal under the City's Notice of Funding Availability (NOFA), issued on August 7, 2020, to receive gap financing in the form of a grant to support the construction of affordable housing units located within the City limits. The NOFA was issued by the Department of Housing and Neighborhood Revitalization (Housing) in accordance with the City's Comprehensive Housing Policy (CHP).
The Department of Housing and Neighborhood Revitalization administers programs to appropriately incentivize private investment for the development of quality, sustainable housing that is affordable to the residents of the City. Specifically, Housing administers the New Construction and Substantial Rehabilitation Program which-where necessary-seeks to provide financial assistance to new developments or substantially rehabilitate existing developments. All projects seeking financial assistance are required to submit a Notice of Intent to apply for financial assistance through the NOFA to Develop...
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