The URL can be used to link to this page

Home My WebLink About~Master - Story County Habitat for Humanity's participation in Affordable Housing Program RESOLUTION NO. 02-127 RESOLUTION WAIVING THE FIRST-TIME HOMEBUYER REQUIREMENT FOR STORY COUNTY HABITAT FOR HUMANITY AS PARTICIPANTS IN THE CITY'S AFFORDABLE HOUSING PROGRAM WHEREAS, at their October 23, 2001, meeting, the City Council approved the selection of Story County Habitat for Humanity and Story County Land Trust as the preferred developers in connection with the City's Request for Proposals for the development of the City-owned property at the intersection of 24t' and Hoover and directed staff to negotiate a Developer's Agreement; and, WHEREAS, since that time, staff has been diligently working with both groups to create a Developer's Agreement that would meet the intent of the Request for Proposals,which was: to ensure home designs are compatible with the surrounding Parkview Heights neighborhood,to ensure that the homes are made available to first-time homebuyers whose gross annual income does not exceed 110% of the Story County median income limits for purchase price that does not exceed $100,000, and to ensure than an experienced and qualified individual supervises the construction of the homes; and, WHEREAS, Story County Habitat for Humanity is requesting a waiver of the first-time homebuyer requirement for one of its proposed homebuyers; and, WHEREAS,the homebuyer's gross annual income does not exceed 110%of the Story County median income limits for a purchase price that does not exceed$100,000; and, WHEREAS,throughout the City's affordable housing initiatives,the greatest gap in need has been for first-time homebuyers,however,staff believes it is important that the development of 24t'and Hoover proceed in a timely manner,and therefore,they do not object to allowing a waiver for this one homebuyer. NOW,THEREFORE,BE IT RESOLVED by the City Council of the City ofAmes,Iowa, that the request for a waiver of the first-time homebuyer requirement by the Story County Habitat for Humanity is hereby approved. ADOPTED THIS 26t'' day of February, 2002. Diane R. Voss, City Clerk Ted Tedesco, Mayor Introduced by: Wirth Seconded by: Goodhue Voting aye: Goodhue, Hoffman, Quirmbach, Vegge, Wirth Voting nay: None Absent: Cross Resolution declared adopted and signed by the Mayor this 26th day of February, 2002.