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Griffin highlights LIHTC pipeline: Roseview, Rosenwald, Parkett Solomon and downtown leverage
Summary
Staff and the Housing Authority reviewed multiple Low-Income Housing Tax Credit projects and city tools that supported them, noting a combined private/public investment of tens of millions and more than 150 new units tied to recent city contributions.
Speakers described multiple LIHTC and mixed‑use projects that staff said have reshaped neighborhoods and increased housing supply. Michelle (Griffin Housing Authority) reviewed the Merriweather Corridor phases (The Oaks, The Iris, Terraces at the Park) and described supportive city actions (demolition, fee reductions, land conveyance, letters of support). "Phase 1, this is a $16,400,000 investment," Michelle said when introducing project budgets.
City staff repeated that City investments (for example a $750,000 contribution toward Roseview/Rosenwald projects) helped leverage roughly $52,000,000 in development to create more than 150 units. Parkett Solomon, described by staff as a 9% LIHTC mixed-use project with 69 units and retail, received $695,000 from the city for purchase, demolition and streetscape work and is expected to be complete by November 2026. Staff addressed parking concerns for Parkett Solomon: Article 8 of the UDC requires one space per bedroom and plans call for 81 spaces (78 required), which staff said meets code.
Staff framed LIHTC as distinct from voucher/HUD programs and emphasized long affordability terms (30 years) and state oversight (DCA). They said LIHTC projects often bring state and local accountability and allow neighborhoods to stabilize by guaranteeing long-term management responsibility for developers.
