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Committee presses applicant on rents, AMI levels and tenant eligibility
Summary
Members questioned whether statutory rent ceilings and eligibility rules will allow the affordable units to be filled, citing nearby projects that have struggled to lease at regulatory AMI levels and urging a clear marketing and eligibility plan for low-income families.
Committee members pressed SR Yukon's team on how affordable-unit rents and eligibility would be set and enforced, and whether marketing would reach the town's least-served populations.
A member observed that a nearby project, "the standard," has had difficulty filling its affordable units at the regulatory AMI levels; the project team acknowledged those problems and said they would study market demand and be prepared to adjust. As the applicant put it, "Those are the regulatory numbers," when asked about the ceiling figures included in the packet.
Members recommended the committee seek a marketing plan and consider using less-restrictive student-eligibility waivers (Section 8 criteria) for verification where appropriate, and requested that the applicant include specific eligibility and outreach plans in the application materials to reduce barriers for low-income families.
Provenance: topicintro SEG 1088; topfinish SEG 1496.
