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Board approves 262-unit affordable housing project at 11 Twelfth Street North
Summary
A city board unanimously approved Central at the Horizon, a five‑story, 262‑unit residential project proposed for 11 Twelfth Street North; units will be offered at 60% of area median income and the project is contingent on tax‑credit awards and final permitting.
A city redevelopment board unanimously approved an application for Central at the Horizon, a proposed five‑story residential building at 11 Twelfth Street North that would deliver about 262 units affordable at 60% of area median income (AMI) and represent an estimated $93,000,000 private investment.
The approval, moved and seconded during the meeting and carried by roll call, came with staff recommendation after a presentation describing the site, parking plan and affordability terms. The applicant’s tax‑credit application is pending; project start depends on award and subsequent design and permitting, staff said.
The project site sits between Eleventh and Twelfth streets and Northern Pacific Avenue on a parcel currently vacant and maintained as turf. The…
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