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Joint meeting focuses on $15M LIHTC housing plan and concerns over replacement athletic fields

Village Council and Yellow Springs Exempted Village School Board (joint meeting) · September 26, 2024
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Summary

Village and school officials reviewed a proposed $15 million low‑income housing tax credit (LIHTC) project to build about 50 family units, discussed replacement athletic fields, appraisals, liens and timelines; officials emphasized contingencies, communication coordination and the need for detailed cost and developer proposals.

Village and school officials used a joint special meeting to review progress on a proposed low‑income housing tax credit (LIHTC) project that would seek roughly $15,000,000 to build about 50 affordable family rental units and to discuss how the project could affect school athletic facilities.

The chair summarized the project’s history and scope, noting an exploratory stakeholder group and a plan to refine a developer request for qualifications. Staff and board members stressed that many details — unit count by bedroom, how many minors would live in the development, and final family selection procedures — depend on the developer and on requirements in the Ohio Housing Finance Agency’s Qualified Allocation Plan (QAP).

A school board member…

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