HANCOCK -- The Hancock City Council will hold a public hearing following their 6:30 p.m. work session and preceding the regular 7:30 p.m. meeting on Wednesday, Oct. 17, in the Council Chambers of City Hall.
The purpose of the public hearing is to take citizen comments on proposed Ordinance #268, "An ordinance to provide for a service charge in lieu of taxes for a proposed multiple family dwelling project for persons of low income to be financed or assisted pursuant to the provisions of the State Housing Development Authority Act of 1966, as amended."
The ordinance is proposed for a project to build Quincy Haven Apartments at 1419 W. Quincy St. in Hancock. Plans for the building, to be owned by the City of Hancock, include 20 units of barrier-free, handicap-accessible housing for low-income families.
The proposed ordinance reads, in part, as follows: "The City of Hancock acknowledges that the Hancock Housing Foundation in its own behalf has offered, subject to receipt of an allocation under the Low Income Housing Tax Credit (LIHTC) from the Michigan State Housing Development Authority and a Mortgage Loan from the Michigan State Housing Development Authority, to erect, own, and operate a housing development identified as the Quincy Haven Apartments on certain property located on W. Quincy St. and east of Hecla St. in the City of Hancock to serve persons of low income, and that the Sponsor has offered to pay the City of Hancock on account of this housing development an annual service charge for public service in lieu of taxes."
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