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046-25 (DesignatingMixedHousingIncomeDevelopment(ClineManorVALLC)) RESOLUTION Action: BOARD OF SUPERVISORS: February 26"', 2025 Adopted A RESOLUTION BY THE FREDERICK COUNTY BOARD OF SUPERVISORS DESIGNATING A REVITALIZATION AREA FOR THE PURPOSES OF ENCOURAGING MIXED-INCOME HOUSING DEVELOPMENT WHEREAS, pursuant to Section 36-55.30:2.A of the Code of Virginia of 1950, as amended, the Frederick County Board of Supervisors wants to designate as a Revitalization Area the property identified as Tax Map Number 63-A-37,on which the multi-family apartment development known as Cline Manor proposes to locate; and WHEREAS,the industrial, commercial, or other economic development of such area will benefit the County but such area lacks the housing needed to induce manufacturing, industrial, commercial, govermnental, educational, entertainment, community development, healthcare, or nonprofit enterprises or undertakings to locate or remain in such area; and WHEREAS,private enterprise and investment are not reasonably expected,without assistance,to produce the construction or rehabilitation of decent, safe and sanitary housing and supporting facilities that will meet the needs of low and moderate income persons and families in such area and will induce other persons and families to live within such area and thereby create a desirable economic mix of residents in such area; and WHEREAS, this resolution is predicated upon Cline Manor Development's proposal to include an even mix of units ranging from 30%of the Area Median Income to 80%of the Area Median Income,providing a Mended range of affordability within the development; NOW, THEREFORE,BE IT RESOLVED by the Frederick County Board of Supervisors, that the above- referenced development at Tax Map Number 63-A-37 is located in a Revitalization Area in the County of Frederick. Passed this 2611' day of February by the following recorded vote: Josh E. Ludwig,Chairman Aye Jolui F. Jewell Aye HeatherH. Lockridge Aye Robert W.Wells Aye Blaine P. Dunn Aye Judith McCann-Slaughter Aye Robert T. Liero Aye A COPY ATTEST Michael LrBe erFrederick mir rator No. 046-25 r COUNTY of FREDERICK Department of Planning and Development �sern, 540/665-5651 - Fax: 5401665-6395 MEMORANDUM TO: Frederick County Board of Supervisors FROM: Wyatt Pearson,AICP,Director of Planning and Development RE: Cline Manor Revitalization Area and Tax Abatement DATE: February 20, 2025 Introduction Surber Development and Consulting LLC (the Applicant) has requested the Board pass a Revitalization Area Resolution and Tax Abatement Ordinance to support their Low-Income Housing Tax Credit (LIHTC) application for a multi-family housing complex at 3266 Vally Pike (PIN 63-A-37). For both requests, if approved, the applicant would include in their LIHTC grant application. The LIHTC program is a competitive process, and having the support of the local governing body via these two requests helps the Applicant's project score better and more likely to receive a grant award. Current Zoning and Comprehensive Plan The property in question is already zoned.Residential Performance (RP) and could be developed by right with similarly non-subsidized housing. The Comprehensive Plan designates this property as being within the Kernstown Area Plan,and more specifically a part of the Kemstown Creekside Neighborhood Village: Kernstown Creekside Neighborhood Village serves as a focal point to the Kernstown Area and as a gateway feature for this important County location. In addition, the Kernstown Creekside Area serves as a gateway into the City of Winchester, and on a broader scale, a gatewavfeature far this portion of Frederick County as citizens and visitors approach this portion the County from the south. This neighborhood village should promote a strong positive coninaunity image. Residential land uses would be permitted only as an accessory component of the neighborhood village commercial land asses. This area should have a strong street presence with particular attention being paid to the form of the buildings adjacent to Route 11. It is the intent of this plan to reafflnn Kernstown as a distinct connnunity, blending the old with the new, and building on the successful developments that have occurred in this area of the County. Revitalization Area Request 107 North Kent Street, Suite 202 e Winchester, Virginia 22601-5000 Cline Manor Revitalization Area and Tax Abatement February 201h, 2025 Page 2 The Revitalization Area Request is based upon Virginia Code Section § 36-55.30:2. Housing revitalization areas; economically mixed projects. More specifically,that section allows localities to designate specific areas of the community that could benefit from reinvestment targeted at providing affordable housing. In this instance this location likely meets two of the State Code criteria, which are copied below for reference: (b) the industrial, commercial or other economic development ofsuch area will benefit the city or county but such area lacks the housing needed to induce manufacturing, industrial, commercial, governmental, educational, entertainment, community development, healthcare or nonprofit enterprises or undertakings to locate or remain in such area; and (ii)private enterprise and investment are not reasonably expected, without assistance, to produce the construction or rehabilitation of decent, safe and sanitary housing and supporting facilities that will meet the needs of low and moderate income persons and families in such area and will induce other persons and families to live within such area and thereby create a desirable economic mix of residents in such area. Tax Abatement Ordinance The Tax Abatement Ordinance request is based upon Virginia Code Section § 58.1-3219.4. Partial exemption for structures in redevelopment or conservation areas or rehabilitation districts. The Applicant has requested a nominal amount of real estate abatement which is described below. Please understand that these are assumptions developed by the applicant, which have not been validated with the Frederick County Treasurer or Commissioner of Revenue. Current Assessed Value = $502,000 2024 Taxes Paid= $2,560.20 Anticipated Cost of Improvement= $9,900,000 Estimated Assessed Value After Completion= $10,045,000 Estimated Annual Tax Payment After Completion = $51,349 Requested Abatement Amount After Completion Annually (3 years) = $2,000 Cline Manor Development Proposal The Applicant intends to construct two multi-family structures that may total 80 units.Their typical product uses high quality materials as well as elements of universal design and accessibility (see example image). This is an allowed use under the existing zoning for the property. As proposed, the project would have a blend of affordable units based upon a percentage of the Area Median Income (AMI). The applicant provided a general intention for how they would blend the units for the 50 unit apartment building for reference below. In regards to the set asides and rents, if 50 units, there would be 28 three-bedroom and 22 two- bedroom units. Of the total, 5 units would be set aside for individuals/families earning less than 30% of the Area Median Income, 21 for individuals/families earning less than 50% of the Area Median Income, 6 less than 60%and 18 less than 80%. Cline Manor Revitalization Area and Tax Abatement February 201h, 2025 Page 3 The maximum rents are restricted and controlled by the federal government. The maximum rents must take into account a Utility Allowance. We will hire a 3rdparty to conduct a utility analysis and provide us with these numbers. For now, I am estimating allowances of$119 for a two- bedroom unit and $130 for a three-bedroom unit. These are estimates based on other recent developments. Using these allowances, with current 2024 data (new data will not be released until April 2025), the maximum rents are as follows: 2 bedroom: 30%AMI- $595 50%AMI- $1,072 60%AMI- $1,310 80%AMI- $1,787 3 bedroom: 30%AMI- $696 50%AMI- $1,246 60%AMI- $1,522 80%AMI- $2,073 Additionally, for the Board's consideration as to how the Federal government considers these percentages and in turn qualifies renters,here is a chart showing the max salaries to qualify in each category for Frederick County based upon the household size. 30% 50% 60% 80% AMI AMI AMI AMI 1 Person $22,260 $37,100 $44,520 $59,360 2 Person $25,440 $42,400 $50,880 $67,840 3 Person $28,590 $47,650 $57,180 $76,240 4 Person $31,770 $52,950 $63,540 $84,720 Lastly, in passing a Board member requested any data the Planning Department had on current rental units in Frederick County. The information bulleted below was background information from a study effort we chose not proceed further with. It was collected by a third party in the past year or so via internet research and limited direct outreach. Rent Units available $1,500 to $1,749 6 $1,750 to $1,999 8 $2,000 to $2,249 19 $2,250 to $2,499 20 $2,500+ 28 Cline Manor Revitalization Area and Tax Abatement February 201h, 2025 Page 4 Conclusion Neither the Revitalization Area Resolution or Tax Abatement Ordinance require Public Hearings in accordance with the State Code. Since this property is entitled to construct as zoned it is not a typical land use action that requires a public hearing. The items will be presented to the Board for consideration on February 26th, and the Applicant will be available to answer questions. The applicant's grant deadline for LIHTC is March 13th WGP Attachments 1. Request Letter Surber Development and Consulting LLC 2. Developer's Example Image 3. Revitalization Area Resolution 4. Tax Abatement Ordinance with Exhibit A Surber Development and Consulting LLC January 30, 2025 Frederick County Planning Department Attn: Wyatt Pearson Planning Director 107 N. Kent Street Winchester, VA 22601 RE: Cline Manor 2025 LIIITC Application Dear Mr. Pearson, Surber Development and Consulting is preparing an application for submission to Virginia Housing for a reservation of LIHTCs(Low Income Housing Tax Credits) for the new construction of a multifamily apartment community to be called"Cline Manor". As a part of the application process,please accept this formal request for the Frederick. County Board of Supervisors to pass a revitalization resolution and tax abatement ordinance for this parcel, with address 3266 Valley Pike consisting of approximately 4.2 acres as shown on the attached preliminary conceptual plan. The 2025 application will be for 40-50 units in phase I. A second phase will likely be developed in the future for 30-40 units, with total units in both phases not to exceed 80. We are asking for the revitalization area resolution and tax abatement ordinance to include the entire 4.2 acre tract. All units will be targeted to individuals and families earning between 30% and 80%of the Area Median Income. Should you have any questions,please reach out to me either by email or on my cell phone. Sincerely, .Jennifer E. H. Surber Managing Member 276-698-8760 j ensurberCsurberde v.corn hh f � �� Yi v s p,.i�^✓✓✓y! Yam„ k N Mom% � �� P' t•F Y A � , a ®\; - � ®L t , \ Y �.I, �AiY^ b �\f h f In M I z LU IL 2 C) Y HE LU Nil Rfag N -j i" fl Hi �9p i , CL ow a E 15 . .8 LU I "M -j 0 15 O�h OHM 1 n; I M h. Lj z h H 10 2 R g 9 H P C-4 p p o w 1. z lz I i I � J1111 Vq�LEY PIKE O 55 ==CC) 12 _GG