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Albany commission approves $220,000 in HOME-ARP funds to finish 32-unit Carroll Street townhomes
Summary
The City of Albany approved a resolution to allocate an additional $220,000 in HOME-ARP funds to MP Organization LLC to complete a 32-unit townhome development at 108 S. Carroll St.; 13 units will be held affordable for 15 years and the city’s $4M museum commitment was discussed later in the session.
The Albany City Commission voted to authorize an additional $220,000 from the city’s HOME-ARP grant to MP Organization LLC to complete construction of a 32-unit townhome development at 108 South Carroll Street (presented as "Carroll Street Garden townhomes"). The resolution was approved by roll call with all present commissioners voting yes.
City staff told the commission the project was originally conceived as an 8‑unit development but was expanded through collaboration with the developer to a 32‑unit multifamily townhome project that will serve households at greatest risk of homelessness as well as market‑rate tenants. Staff and the developer said costs rose after design changes (moving from above‑ground to underground stormwater retention to preserve green space), weather delays, and supply‑chain issues. The presenters said the requested $220,000 comes from remaining HOME‑ARP grant funds and is needed to complete construction and associated monitoring obligations.
Staff explained program rules tied to the HOME‑ARP allocation: the affordability period for these HOME‑ARP funds is 15 years, after which the property may convert fully to market rate. The project will include 13 affordable units under that affordability term. The financing terms described to the commission matched the original agreement: 50 percent of this additional allocation will be repaid to the city and 50 percent will be forgiven once the project is completed satisfactorily and monitoring obligations are met.
Developer remarks and site update indicated three of four buildings are under construction, windows and exterior work are in progress, and the project team was targeting completion by December with lease‑up beginning in January. The developer also said the underground retention design allowed space for a community garden, which Phoebe Putney will sponsor and help maintain.
Mayor Pro Tem John Howard offered the resolution and, after a roll‑call vote recorded by the city clerk, the commission adopted the measure. The clerk’s roll call recorded Mayor Bo Dura, Mayor Pro Tem John Howard, Willie Weaver, Vilnius Gaines, Chad Warbington, Bob Langstaff Jr., and Diana Brown as voting yes.
Next steps: staff said monitoring and reporting obligations will continue under HUD and HOME‑ARP program rules, and the developer will proceed to finish construction under the same terms previously agreed to with the city.
