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Developer contests valuations on Cherry Park and Orchard affordable-housing projects
5753312 · July 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
A developer representative and others told the assessor hearing that multi-phase affordable-housing projects (including Section 42 properties) were misvalued in the assessor's roll and requested corrections.
Fred Hoppe, identifying himself as a principal with Hoppe 572, addressed the assessor hearing about valuations for several redevelopment and affordable-housing properties, including Cherry Park and the Orchard Subdivision. Hoppe said Cherry Park has three development phases, the first two were low-income projects and the…
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