Developer pitches 46‑unit LIHTC workforce housing; trustees ask staff for financial and infrastructure analysis
Spire Development presented a proposal for a 46‑unit Low‑Income Housing Tax Credit project on Tower Avenue and requested a PILOT and utility access; planners warned of wet soils, site-size and utility-extension challenges and the board asked staff for assessor, police/fire cost and revenue analyses before deciding whether to support a pilot.
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Sean McMickle, vice president of development with Spire Development, presented a concept for a 46‑unit workforce housing project on Tower Avenue that would use the federal Low Income Housing Tax Credit (LIHTC) program and require a payment-in-lieu-of-taxes (PILOT) to be competitive for the April application round. McMickle described the project as rent‑restricted to households up to 80% of area median income, said construction and utility‑extension costs would be borne by the developer, and asked the board to consider a 4–8% PILOT rate for the project’s compliance period (Spire requested 20 years, noting some municipalities grant longer terms).
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