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Committee forwards $200,000 trust-fund commitment for Riverside Landing to full council
Summary
The Administration and Finance Committee voted June 9 to send a favorable recommendation to full council for Resolution 2025-R-64, which would commit $200,000 from the Cabell Huntington Wayne Home Investment Trust Fund toward Riverside Landing, a proposed affordable housing project at 3224 Riverside Drive.
On June 9, 2025, the Administration and Finance Committee voted to forward to full council a favorable recommendation for Resolution 2025-R-64, which would commit $200,000 from the Cabell Huntington Wayne Home Investment Trust Fund to Riverside Landing, a proposed affordable-housing development at 3224 Riverside Drive.
The project presentation was given by Miss Burns, a staff member, who said the developer, Spire Development, proposes new construction called Riverside Landing with a total development cost of $8,600,000. Burns said the financing plan includes a mortgage, West Virginia HOME program dollars, tax-credit equity and that the Cabell Huntington Wayne Home Investment Trust Fund request would be the "last money in" of $200,000.
The committee was told the project received approval from the Cabell-Wayne local home consortium on May 28 and that the planning commission approved the on-site plan because the site exceeds one acre. Committee members praised the proposal; Ms. Holly made the motion to forward the resolution to full council with a favorable recommendation, Mr. Archer seconded, and members present voted in favor.
Burns described the unit mix as "32 units, 22 bedroom and 12 3 bedroom units" during her presentation; the committee record also lists the total unit count as 32. The transcript contains an inconsistency between the line-item unit counts and the stated total; that discrepancy was not resolved during the committee discussion and is noted here for clarification.
The committee meeting included roll call confirming a quorum; Miss Rumble was absent. With the committee’s favorable recommendation and a committee member volunteering to sponsor the item at council, the next step is full council consideration of Resolution 2025-R-64.
Details omitted from the committee discussion include whether tax-credit allocations are finalized and the timetable for construction; Burns did not state those items during the presentation.
