HAP Housing is requesting $250,000 of Town CPA funds to be used as part of the construction funding for the proposed new housing development, Olympia Oaks, at the end of Olympia Drive. Olympia Oaks will provide 42 units of affordable rental housing suitable for families with more than 75% of the units containing two or more bedrooms. Three units will be fully handicapped accessible with accessible kitchens and baths to accommodate wheelchair-bound residents and three will be designed for the hearing impaired. Public areas, including the community room, will also be accessible. HAP Housing also plans to make the units as energy efficient as possible, meeting EnergyStar guidelines. All of the housing units at Olympia Oaks will have residents whose income is below 60% of area median income. Beyond that, HAP has proposed to DHCD that eight units, representing 19% of the project’s total units, be reserved for extremely low income households, those with incomes at or below 30% of area median income. HAP is also proposing that eight project based Section 8 subsidies be awarded by DHCD to Olympia Oaks, and that a preference for recently homeless households be created for two of these eight units. Previously $200,000 of CPA funds have been used on this project.