02/25/1991 Meeting - Laserfiche WebLink

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e e e including Walnut Grove, Family Shelter House rehabilitation, the Sponsors project, and Richardson Bridge. In response to a question, Mr. Weinman said the City formerly owned a landbank site at 38th Avenue and Hilyard Street but this location was traded for the Richardson Bridge site and another lot at 19th Avenue and High Street. He said the Parks, Recreation and Cultural Services (PARCS) Depart- ment plans to build a parking lot for Tugman Park on a portion of the 38th Avenue and Hilyard Street location, and a private developer plans to build a project for the elderly there. Mr. Weinman said the City would like to acquire more landbank sites, but this is becoming difficult, especially in South Eugene because of the slope of many lots in this area. In response to a question from Mr. Boles, Mr. Weinman said single room occu- pancies (SROs) are lacking in Eugene. Mr. Gleason said some housing exists which is related to treatment programs such as Buckley House, the Chicano Affairs Center, and other service centers, but inexpensive, non-service-based housing is also needed. Jim McCoy of HACSA said the County had hoped to begin construction on the Richardson Bridge project last year but had financing problems. He said the State tax credit program last year was not set up to provide a "deep" subsidy for very-low-income families. Mr. McCoy said HACSA had received direction on the Richardson Bridge project from the council's Social Goals Committee. He said the committee had hoped this project would provide two-bedroom apartments for $250, and three-bedroom apartments for $350. He said most of the families in the HACSA Section 8 program can only afford $135-$145 for rent. Mr. McCoy said the Richardson Bridge project is intended to serve very-low- income families. He said the total cost of the project would be about $1,697,313. He listed funding sources. In response to a question from Mr. MacDonald, Mr. McCoy said HACSA would apply for State tax credits by the March 29 deadline and should know within 30 days if the credits would be granted. Mr. Farkas pointed out that this is a competitive process. He said the staff and policy makers have been working very hard with the State to see that these kinds of projects receive funds. Lew Bowers of POD said tax credits for the Richardson Bridge project had been applied for last year but were not received because State rules required that the first mortgage commitment had to be in place first and such a commitment had not yet been secured. He said now the first mortgage commitment has been made and the project is ready to reapply for tax credits. Ms. Bascom suggested that there must be a less complicated way to fund projects such as Richardson Bridge. MINUTES--Eugene City Council February 25, 1991 Page 3