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In summary, AMG is seeking the City's assistance to bring forward over 1,000 units of affordable housing <br />for families and seniors. As outlined in this letter, we suggest there are least three ways to do so: <br />1. Modify the HOO to allow for creation of housing credits; <br />2. On annual basis, direct up to $1.75 million of in lieu fees to this project; <br />3. Waive or reduce some or all of the project impact fees. <br />We stand ready to work with you to select the best method or combination of methods to make this <br />project a reality. <br />Sincerely, <br />Jesus Armas <br />C: Alexis Gevorgian <br />60E-35 <br />