The Sedona City Council meeting on April 22, 2025, focused on significant developments regarding affordable housing in the area. The council unanimously approved a resolution for a ground lease with Villas on Shelby, LLC, a project aimed at creating 30 units of affordable housing. This initiative has been in the works for several years and is now nearing completion.

During the meeting, Ginny, a city representative, introduced Matt Schumacher from HS Development Partners, who is involved in the project, and Patrick McNamara, an affordable housing financial consultant. They were present to address any questions related to the Low-Income Housing Tax Credit (LIHTC) program, which is crucial for the project's financing.

The council had previously approved the lease in March and December of 2023. However, it was brought back for review due to necessary changes requested by bond investors and their legal counsel to ensure compliance with the LIHTC program. Legal counsel provided insights into these adjustments, which prompted a motion for an executive session to discuss the lease further. This motion was seconded and passed unanimously.

After the executive session, the council returned to public discussion, indicating a commitment to transparency and community engagement. The meeting concluded with an invitation for public comments, highlighting the council's openness to input from residents regarding the affordable housing project.

This resolution marks a crucial step in addressing the housing needs within Sedona, reflecting the city's ongoing efforts to enhance affordable living options for its residents.