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Albany commission approves $220,000 HOME-ARP boost for Carroll Street townhomes
Summary
The commission approved a $220,000 allocation from remaining HOME-ARP funds to MP Organization LLC to complete a 32‑unit Carroll Street townhome project, which will include 13 affordable units subject to a 15‑year affordability period.
The Albany City Commission on Sept. 2 approved a resolution authorizing an additional $220,000 from the city’s HOME-ARP funds to MP Organization LLC to complete a 32‑unit townhome project at 108 South Carroll Street.
City staff told the commission the project originally planned for smaller duplexes was expanded to 32 units to increase capacity for residents at greatest risk of homelessness. The developer said 13 of the 32 units will be affordable under a 15‑year affordability monitoring period tied to the HOME funds.
“Due to some unforeseen circumstances, the cost of the project has increased … and Mr. Blow is in need of $220,000,” the developer said during the meeting, citing budget increases from switching to underground stormwater retention and weather and supply‑chain delays.
Staff recommended using remaining HOME-ARP grant funds for the project under the same terms as the original agreement: 50% of the additional funds would be repaid to the city and 50% forgiven once the project is satisfactorily completed. Commissioners asked about the retention design and maintenance; the developer said the underground retention preserves green space, and the project will include a community garden sponsored and maintained by Phoebe Putney with resident access.
The commission moved and seconded the resolution and approved it by roll call; the mayor also voted in favor. The special-call meeting then recessed and the commission reconvened later for its scheduled work session.
What happens next: staff will implement the disbursement consistent with the original HOME-ARP agreement and monitor compliance with the 15‑year affordability requirements.
