Albany commission approves $220,000 ARP boost for Carroll Street townhomes

The City of Albany commission unanimously approved a resolution on Sept. 2 to allocate an additional $220,000 in American Rescue Plan (ARP) funds to MP Organization LLC to complete a 32‑unit townhome development at 108 South Carroll Street.

City staff told commissioners the project was originally planned as a smaller Hallmark development but was expanded after collaboration between MP Organization and a local partner. Staff said the city repurposed ARP funds from a planned non‑congregate shelter program to multifamily rentals and that remaining grant funds could be used to complete the Carroll Street project. Staff recommended the $220,000 allocation to cover cost increases attributed to underground stormwater retention, weather delays and supply‑chain issues.

Developer representatives said construction is substantially underway, with three of four buildings framed and finish work progressing. They described interior upgrades — including GE appliances and washer/dryers in each unit — and said the underground retention allowed for more green space and a community garden, which Phoebe Putney has agreed to help maintain.

Staff and the developer confirmed key affordability and program details: the ARP/HUD monitoring obligation runs for 15 years, after which units may convert to market rate; under the project agreement 13 of the 32 units will serve the targeted at‑risk population; and the additional $220,000 would be handled under the same terms as the original agreement, with 50% repayable to the city and 50% forgiven upon satisfactory completion.

A commissioner moved to adopt the resolution, another commissioner seconded, and the clerk called the roll; the motion passed with all voting members recorded as "yes," including the mayor.

The commission adjourned the special call meeting and recessed into its scheduled work session. The developer said it is targeting construction completion by December and lease‑up beginning in January.