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City council unanimously backs Big Spring Lofts' 9% tax-credit application and $250 fee waiver for proposed 55+ affordable housing
Summary
The Big Spring City Council voted unanimously to approve a resolution supporting the Big Spring Lofts project's application for competitive 9% low-income housing tax credits and to grant a $250 permit-fee waiver.
The Big Spring City Council voted unanimously to approve a resolution supporting the proposed Big Spring Lofts project’s application for competitive 9% low-income housing tax credits and to grant a $250 permit-fee waiver requested by the developer.
Michael Beard of Betco Consulting, presenting for Gianni Capital, told the council the project is proposed off Birdwell north of Sunset near a Lowe’s and is already zoned for multifamily use. He described a 55-and-over rental community comprised of one- and two-bedroom units, with a likely maximum of about 60 units if the developer can optimize…
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