File #: LM-2019-0564    Version: Name:
Type: Order Status: Passed as Amended
File created: 9/5/2019 In control: City Clerk
On agenda: Final action:
Title: ORDER OF THE BOARD OF ALDERS OF THE CITY OF NEW HAVEN APPROVING AN AMENDMENT TO A MATTER PREVIOUSLY ADOPTED CONCERNING DESIGNATION OF THE CITY OF NEW HAVEN AS A REHABILITATION AREA AND RENEWING AND AMENDING CRITERIA FOR THE ELIGIBILITY OF REAL PROPERTY FOR ASSESSMENT DEFERRAL AND ADMINISTRATIVE PROCEDURES
Attachments: 1. AD Renew Presentation - 8-2019, 2. Checklist, 3. Cover Letter, 4. Fiscal Impact_7.11.pdf, 5. Joint Evaluation Report - CMW - 08-2019, 6. Prior Notification, 7. Resolution 2020-2024, 8. Rehabilitation assesssment deferral 2020-2024 resolution revised, 9. LM-2019-0564, 10. 1 - Assessment Deferral Checklist SIGNED 10-03-22, 11. 1-Checklist -Motion to Amend #2 Assessment Deferral 10-03-22, 12. 2 - Assessment Deferral Cover Letter SIGNED, 13. 2-Cover Letter- Motion to Amend #2 Assessment Deferral 10-03-22, 14. 3-Order - Motion to Amend #2 Assessment Deferrral 10-03-22, 15. 4-Prior Notification Form -Motion to Amend #2 Assessment Deferral 10-03-22, 16. 5-Fiscal Impact Statement -Motion to Amend #2 Assessment Deferral 10-03-22, 17. 6-Morrison Cover Letter Motion to Amend #2 Assessment Deferral 10-03-22, 18. 7-Supplemental Information -Assessment Deferral Amendment 1 Legislation Details (Jan 18 2022), 19. signed checklist LM-2019-0564 order to amend Ashmun & Canal, 20. LM-2019-0564
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ORDER OF THE BOARD OF ALDERS OF THE CITY OF NEW HAVEN APPROVING AN AMENDMENT TO A MATTER PREVIOUSLY ADOPTED CONCERNING DESIGNATION OF THE CITY OF NEW HAVEN AS A REHABILITATION AREA AND RENEWING AND AMENDING CRITERIA FOR THE ELIGIBILITY OF REAL PROPERTY FOR ASSESSMENT DEFERRAL AND ADMINISTRATIVE PROCEDURES
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WHEREAS, at its December 2, 2019 meeting, the Board of Alders adopted a Resolution (File Number LM-2019-0564) that designates the City of New Haven (the "City") as a rehabilitation area, and establishes criteria for the eligibility of real property within the designated rehabilitation area for fixing of assessments during the period of rehabilitation and for deferral of increased assessments attributable to such rehabilitation (the "Assessment Deferral Program Resolution"); and

WHEREAS, at its January 18, 2022 meeting, the Board of Alders considered and addressed concerns related to the mortgaging or refinancing of development projects by adopting an Amended Resolution (Amendment #1); and

WHEREAS, over the passage of time, the City and Board of Alders have encouraged mixed-income developments with a significant percentage of residential housing units dedicated to households based on various below-market income levels with policy and regulatory programs such as the Low Income Housing Tax program ("LISHTA") program; and

WHEREAS the current LISTA and Assessment Deferral programs are in conflict with respect to mixed income residential buildings wherein affordable housing units and market-rate housing units are not separated into unique buildings, but rather integrated into one building; and

WHEREAS, accordingly, the City wishes to amend the Resolution as of the effective date thereof in the manner shown in the marked version of the Resolution attached to this Order which is made a part hereof (the "Amendment #2") to account for and encourage the further development of mixed income projects.

NOW, THEREFORE, BE IT ORDERED by the Board of Alders ...

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