Louisville Housing Authority Agenda and Packet 2014 09 30

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Proposed Land Uses - corning out of the comprehensive plan Urban Neighborhood — 15 DU/acre - townhouses and single family homes for equity parcels Urban corridor — 25 DU/acre Urban center — 30 DU/acre - required mixed use commercial component. Development Scenarios Highest density attainable through City of Louisville Comprehensive Plan Attempt density bonuses for developing affordable housing Number of units 250 -330 Scenarios should target diverse incomes Predominately rental, for sale, market rate housing BCHA Program elements Community garden space Regional trail connectivity Employ principals of crime prevention Public and community open space City of Louisville elements: Continuation or connection of Hecla Drive Development of North /South Connection Inclusion of Commercial Retail Infrastructure requirements — shared costs Pedestrian friendly streets Site challenges: Master Planning and entitlements - $500,000 - $800,000 On and Off site infrastructure costs - $5 million Site Solutions: - Practical development and infrastructure phasing - Preserve views and leverage topography - Density transition (high on the east and low on the west) - External site connectivity via Hecla and Kaylix The board reviewed the potential concepts and plans as seen in the Charette section of the Board packet. Frank said that a next step will be to get a market study that says how many units and bedrooms, etc. you will need. The School District can use these details for their analysis. The Board asked about timeline. Jeremy said we would hope to do the financial close and begin construction in 2015. Timeline drivers are organizational capacity, public process, our need to raise funds, and the city's entitlement process, allowing us to have zoning and annexation on the property. The overall time line is the marrying of the City process and the CHFA process. There will be a need for us to apply for tax credits. 5