Housing Stability Council

October 7, 2016
Oregon Housing Stability Council Minutes
Silvertowne I & II
Council member Motion Yes No Abstain Excused
Tammy Baney
X
Aubre Dickson
X
Mike Fieldman X X
Anna Geller
X
Zee Koza 2 nd X
Acting Chair, Adolph “Val” Valfre
X
Vote: 5:0:0:1 | PASS
Ms. Detweiler briefed the council on the past 5 years of LIHTC awards. You can reference the
details in the PowerPoint presentation.
9% LIHTC NOFA Approvals – Balance of State Region
Meadowbrook II Apartments:
Ms. Detweiler provided a synopsis of the project. Please reference the meeting material packet
and the accompanying PowerPoint presentation. She reviewed the 5 scoring areas and the
variance that was noted across all of the LIHTC applications. Ms. Detweiler then called the
sponsors to the table. Julie Marckle, Vice President and John Vance, Project Developer from
NW Real Estate Capital Corporation. Mr. Vance told the Council that this project has 19 units
and was originally built in 1979 and has not had a major renovation since then.
Acting Chair Valfre invited the Council to ask questions. Councilmember Dickson asked if the
replacement reserves were required by HUD. Mr. Vance said that the reserves were a
requirement put forth by the architect and accepted by the investment partner.
Acting Chair Valfre called for a motion from the Council. Councilmember Geller made the
motion found on page 16 of the meeting material packet and Councilmember Koza seconded the
motion. Acting Chair Valfre called for the vote:
Meadowbrook II Apartments:
Council member Motion Yes No Abstain Excused
Tammy Baney
X
Aubre Dickson
X
Mike Fieldman
X
Anna Geller X X
Zee Koza 2 nd X
Acting Chair, Adolph “Val” Valfre
X
Vote: 5:1:0:1 | PASS
Page 14