Commission sets May 20 public hearing for LK Townhomes RHID; developer outlines 26 duplex units and funding request

The Manhattan City Commission on April 15 voted 5-0 to approve a resolution of intent to consider a development plan and establish a reinvestment housing incentive district (RHID) for Frontier Development Group’s LK Townhomes project, and set a public hearing for May 20.

Stephanie Peterson, director of community development, told the commission the developer proposes 13 duplex buildings for a total of 26 units on the Little Kitten Avenue site. The project combines for-sale and for-rent units targeted to households between 60% and 150% of area median income (AMI). Peterson said the total project cost is roughly $8.86 million and the RHID request is just under $1.95 million over 15 years, which the staff presentation translated to roughly $5,000 per unit per year (about $130,000 annually for 26 units) for the RHID period.

Tyler Holloman of Frontier Development Group said the broader Manhattan Infill Housing Project includes 44 homes across three sites; 40 of those would be workforce units. He said the Little Kitten site’s 26 units are part of the award the project received from…