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ARTICLE 8 (d) Project: Greeley Village Siding Replacement CPA Category: Community Housing Amount Requested: $386,129 Amount Recommended: $386,129 CPC Vote: (9-0) Project Description: The Lexington Housing Authority is submitting this request for $386,129 for the replacement of siding at Greeley Village. Greeley Village is a 100 one-bedroom apartment complex built in 1968 that serves a senior and disabled population. The units have their original siding,which has deteriorated in many locations,resulting in leakage into apartments, and most importantly, into door frames. In.winter, such conditions often result in doors that cannot be fully closed, leading to heat loss and discomfort for residents. The infiltration of water into the buildings has also caused rot and deterioration, thereby compromising the buildings' integrity. The Housing Authority's supervising architect has determined that it will cost$386,129 to remedy these problems. Greeley Village is an elderly/handicapped low-income public housing apartment complex with 100 apartments that were first occupied in 1968. As of October 2009, the average resident's monthly rent was $290 including heat, hot water and electricity. Residents' annual gross income and was $12,809 as of October 2009. Greeley Village provides retired seniors and handicapped persons with an affordable place to live. Project Goals and Objectives: The goal of this project is to replace the siding on the 100-unit complex which will allow the Lexington Housing Authority to continue to provide safe, affordable housing for Lexington seniors and handicapped residents. Project Benefit: Greeley Village benefits the senior and disabled population by providing a safe, affordable place to live. This project, when completed, will benefit the residents of the community and increase the lifespan of the 100 units in this affordable housing development. Funding Request: The funding request for this project is $386,129. 9