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Board approves $330,000 contract to rehab Cedar Trace, reserving two units as affordable
Summary
The Board approved a $330,000 contract with Grama Development LLC and Midwest Support Foundation to rehabilitate Cedar Trace at 2200 N. Seventh Ave., with two two-bedroom 'floating' units designated for low-income tenants for 15 years.
The Board of Public Works on May 15 approved a $330,000 contract with Grama Development LLC and Midwest Support Foundation, Inc., to rehabilitate Cedar Trace at 2200 North Seventh Avenue and reserve two two-bedroom units as affordable housing for eligible low-income individuals or families.
City staff member Miss Voschmer described the project as “more affordable housing for the city of Evansville,” and said Grama Development has worked on prior projects with the city. The staff presentation said the two units would be “floating” affordable units and must maintain a 15-year affordability period following completion of the project.
One board member asked how many total units exist at Cedar Trace; the transcript shows an uncertain recollection. An attorney present offered, “My recollection is … I was thinking 63 total units,” but the speaker also said the number was not in front of them and was not certain. The transcript does not provide a definitive unit count.
The board moved and approved the contract by voice vote.
The motion and approval did not specify additional funding sources or a contract number during the discussion; the interview-level discussion focused on unit designation and prior working relationship with Grama Development.
