Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Planning commission finds Victoria Ridge Second Edition land use conforms to city plan as developer seeks affordable-housing TIF
Summary
Community and Economic Development Director Jen Brewington told the Planning Commission that Inland Development Partners is proposing a 65-unit rental apartment building and has requested an affordable-housing tax increment financing district.
Community and Economic Development Director Jen Brewington told the Planning Commission that Inland Development Partners is proposing a 65-unit rental apartment building on about 4.1 acres and has requested tax increment financing (TIF) in the form of an affordable housing TIF district.
"The developer has requested a business subsidy in the form of tax increment financing through the establishment of an affordable housing TIF district which will be number 1 dash 10," Brewington said during her presentation.
Staff said the proposed building would include 32 market-rate units and 33 units set aside for households at or below 50% of area median income (AMI). Brewington described the project as four stories with a mix of alcove, one-bedroom and two-bedroom units; staff noted a total of 287 planned parking spaces (59 in a garage and 228 surface…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
