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The commission discussed housing goals, including affordability and diversity. Concerns were raised about the definition of "affordable housing" and the need for updated data on housing stock, particularly owner-occupied units versus rentals.
At a glance
Rising — being discussed more frequently. 1 mention in the last 30 days, 1 the 60 before, 1 the 90 before that.
The city expects to recoup a portion of the $3.6 million bond used to purchase the building through the $2.8 million sale price and TIF revenues.
Low-income residents who will gain access to housing and potential wealth-building opportunities.
Existing neighbors concerned about neighborhood character and traffic.
The rezone will allow the city to expand park space, potentially adding sports fields to the area.
Allows the developer to proceed with the project under updated contract terms.
This change would restrict the property to single-family residential use.
This project would preserve a historic landmark while providing new affordable housing options with unique wealth-building features for tenants.
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The city is balancing the need for affordable housing with the reality that it is nearly built out. Officials are looking at how to provide diverse housing options for all residents, including those looking to downsize.