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Housing commission forwards $3 million adaptive-reuse bond program to city council
Summary
The City of Flagstaff Housing Commission voted unanimously to forward an adaptive reuse program that would use $3 million in voter-approved bond funds to convert existing buildings into rental housing, with loans forgiven after 30 years and awards made on a per-unit basis.
The City of Flagstaff Housing Commission voted unanimously to forward an adaptive reuse bond program to the City Council for final approval, advancing a plan to use $3,000,000 from the 2022 voter-approved housing bond to repurpose existing buildings into rental units. The program, presented by Justine Acosta, assistant housing director, would allocate bond funds on a per-unit basis and prioritize acquisition and rehabilitation of affordable rental units. Vice Chair Karen Flores presided over the discussion after Chair Davana McLaughlin recused herself from that agenda item. The commission agreed to a…
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