Explanation
BACKGROUND: This ordinance authorizes the Director of the Department of Development to enter into a grant agreement with My Brothers Keeper for the new construction of Mt. Hermon Senior Phase 1 LLC a 54-unit affordable apartment project in an amount up to $3,000,000.00. My Brother’s Keeper will enter into a grant agreement with the city for the bond funds as a pass-through entity to Mount Hermon Senior Phase 1 LLC. My Brother’s Keeper is a minority general partner of Mount Hermon Phase 1 LLC, and the supportive services provider for the residents. An amendment to the 2025 Capital Improvement Budget is also necessary to establish authority. Mt. Hermon Senior Phase 1 will be a newly constructed residential development for ages 62 and above and will be located on Sunbury Road on the campus of Mount Hermon Missionary Baptist Church.
This project, which is set to conclude construction in the Fall of 2027 will provide 54 residential rental units in a single three-story elevator building with a mix of one-to-two bedroom style units. All units will be set aside as Low-Income Housing Tax Credit units, including six fully accessible units. Thirteen (13) of the units will be for those at or below the 30% adjusted median income (AMI) level, 27 units will be for those at or below the 50% adjusted median income level, and 14 units will be at or below the 60% adjusted median income level.
The units will range from 700 sq ft to 900 sq ft, with in-unit washers and dryers, energy star appliances, wired with broadband infrastructure for digital accessibility. My Brother’s Keeper, a non-profit supportive services provider will be the minority general partner in the development and will also provide onsite services for the senior residents that will include but are not limited to, assistance with daily living needs including housekeeping, meals, and transportation, financial literacy, job search, job training, and placement assistance. Other services that ar...
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