HomeMy WebLinkAboutHousing Fellowship.pptThe Housing Fellowship
The Housing Fellowship
FY08 HOME site location request
FY08 HOME site location request
The City of Iowa City
The City of Iowa City
Planning and Community Development
Planning and Community Development
March 2008
March 2008
The Housing Fellowship proposes a Low Income
Housing Tax Credit Affordable Rental Project with 22
homes
•16 homes in Mount Prospect Addition Part IX
•2 homes on Chamberlain Drive (Village Green)
•4 zero lot lines on Westbury Court (OldeTowne Village)
•Potential to purchase 8 townhome lots in Mackinaw
Village to increase project size to 30 homes with units in
four different elementary attendance areas.
Scattered Site Map
Scattered Site Map
Location Map
Iowa City –CityCouncil
November 14, 2005
The Housing Fellowship
FY08 HOME Site Location Request Affordable Rental Housing
16 Single
Family Lots
in
Mount
Prospect
Addition IX
•Mount Prospect Addition (Parts I –XIII) approximately 305 single family homes
•Zoned Single Family -predominantly RS-5 (low density single family)
•1% of the homes (4 out of the approximate 305) in the subdivision were acquired with
CDBG/HOME funding.
•87% of the homes in the Mount Prospect Addition are owner-occupied (2008 IC
rental permits)
•63% of the homes in Census Tract 18 are owner-occupied compared to 47% citywide
(2000 Census)
•The Housing Fellowship will buy all lots in the Part IX Addition. The lots will be under
one common property management with The Housing Fellowship providing all
maintenance, landscaping, mowing and snow shoveling
Map of the Mount Prospect Addition/Census Tract 18
Map of the Mount Prospect Addition/Census Tract 18
Mount Prospect Addition
CDBG/HOME Assisted Rental Units
Affordable Housing Market Analysis
(December 2007)
Affordable Housing
•According to the
Market Analysis,
total affordable housing
needs for 2007-2012 for the Iowa City
metro area is estimated to be 2,739 units.
75% of the housing demand in Iowa City is
for affordable rental housing.
The Housing Fellowship
Longfellow Manor Affordable Rental Housing Project
Thank you
Thank you
The City of Iowa City
The City of Iowa City
Planning and Community Development
Planning and Community Development