Sparks City Council approves Reno Housing Authority's affordable housing project at I Street

This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

In a significant step towards addressing affordable housing needs in Sparks, the City Council unanimously approved a conceptual development proposal from the Reno Housing Authority (RHA) during their meeting on April 14, 2025. The proposal aims to transform a city-owned parcel at 2026 I Street into a new affordable housing complex, consisting of 12 studio and one-bedroom units.

The site, purchased by the city in February 2024, spans just over 0.2 acres and is strategically located near essential amenities, including grocery stores, parks, and public transportation. This development is part of the Home Means Nevada initiative, which mandates that the project serve households earning 60% or less of the area median income, with a commitment to maintain affordability for 30 years. The RHA has pledged to assist households earning between 0% and 50% of the area median income through project-based vouchers, allowing residents to pay approximately 30% of their income towards rent.

The estimated cost of the project is approximately $5.43 million, with a per-unit cost of around $452,543. The timeline for the project includes planning and design phases in 2025, followed by construction expected to begin in the third quarter of 2026, with completion anticipated by late spring or early summer of 2027.

Council members expressed their support for the project, highlighting the importance of affordable housing in the community. The RHA has a proven track record, having previously developed several successful affordable housing projects in the area, including Railyard Flats and Scott Manor.

As the council moves forward, the next steps will involve entering into a development agreement with the RHA, ensuring compliance with grant requirements and establishing a timeline for the project. This initiative not only aims to provide much-needed housing but also supports the city's broader goals of community development and economic stability.

Converted from Sparks City Council | April 14, 2025 meeting on April 15, 2025
Link to Full Meeting

Comments

    View full meeting

    This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.

    View full meeting