Agenda (PDF)

SHIP - Affordable Housing Advisory Committee · 2026-07-07 · agenda

[case 2026-460] The Affordable Housing Advisory Committee (AHAC) met on July 7, 2026, to review applications for affordable rental housing projects seeking Local Government Contribution (LGC) funding. The committee was to recommend one project to the City Commission for funding. Two applications were received for the LGAO project, with presentations and discussions to occur. The City has budgeted $460,000 for this initiative. The AHAC was scheduled to present its recommendation to the City Commission on July 23, 2026. The state's LIHTC application deadline is August 11, 2026. No public comments were made during the June 9, 2026, meeting. [case 2026-380, 2026-382] The Affordable Housing Advisory Committee (AHAC) met on June 9, 2026. They approved the minutes from the April 29, 2026 meeting. The committee held a Q&A session regarding Yes in God's Backyard (YIGBY) and Inclusionary Zoning (IZ). They also reviewed and approved the 2025 AHAC Annual Report to the City Commission and appointed Jamie Bell as the presenter, with Helen Warren and Clark Wood as alternates. No public comments were made. [Gainesville, FL (for Hope @ Debra Heights); Corner of SW 2nd Ave and West University Ave, Gainesville, FL (for Royal Park Seniors)] This document outlines a proposed equity investment by Truist Community Capital, LLC (TCC) in the 'Hope @ Debra Heights' project, a new 96-unit family apartment complex in Gainesville, FL. The project is being developed by Catholic Charities Bureau, Inc. and Crosland Southeast. The development is planned to utilize 9% Low Income Housing Tax Credits (LIHTC), with an estimated annual allocation of $2,800,000. The total estimated capital for the project is $24,077,592. The document also details the phased capital contributions, reserve requirements, and the roles of various entities involved. Separately, it details a proposed 86-unit senior affordable housing project called 'Royal Park Seniors' in Gainesville, FL, developed by Banyan Development Group, LLC and Treehouse Affordable Housing, with an estimated total project cost of $33,969,168, utilizing 9% LIHTC and Alachua County funds. [W University Ave at SW 2nd Ave; case 2026-460I] This document details the financial projections and development costs for the Royal Park Seniors project, an 86-unit, mid-rise, affordable multi-family housing development for individuals aged 55 and older in Gainesville, Florida. The project is located at the intersection of W University Ave and SW 2nd Ave. The total development cost is estimated at $33,969,168. Key dates include the start of construction on April 1st, 2027, and a projected Certificate of Occupancy on October 1st, 2028. The project is being developed by Banyan Development Group (BDG) and managed by AGPM, LLC. The financing includes a construction loan of $24,500,000 and a permanent loan of $5,200,000, with Valley National Bank as a potential lender. The project utilizes LIHTC (Low-Income Housing Tax Credit) and income averaging to meet target AMI thresholds. Marketing efforts will target employees of local institutions and businesses. Public comment or stakeholder sentiment is not stated in this section of the document. [case 2026-460J] This document contains a list of past development projects by Banyan Development Group and a Notice of Funding Availability from the City of Gainesville. The Gainesville notice seeks applicants for the ConnectFree Program to develop and/or rehabilitate affordable rental housing projects within the Gainesville Regional Utilities service area, offering financial assistance for water and wastewater system extensions and connections. Applications are due by June 26, 2026. The document also includes a chapter on Lobbying and Registration Requirements for the City of Gainesville.