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Council approves $200,000 commitment for Riverside Landing affordable housing project
Summary
Council adopted a resolution committing $200,000 from the Cabell Huntington Wayne Home Investment Trust Fund to Riverside Landing, a 32-unit project by Spire Development at 3224 Riverside Drive; total project cost was stated as $8.6 million and the city participation would be last-in financing.
The Huntington City Council on June 23 adopted Resolution 2025-R-64 to commit $200,000 in project funds from the Cabell Huntington Wayne Home Investment Trust Fund to Riverside Landing, a new-construction affordable housing project at 3224 Riverside Drive in Altizer.
Community Development staff presented the resolution and said the developer is Spire Development. The project would include 32 units—listed in the meeting as 22 two-bedroom units and 12 three-bedroom units (the transcript's numeric phrasing was inconsistent); staff said total project cost is $8,600,000. Staff described the city's participation as "last in," and identified other sources as mortgage financing, West Virginia HOME funds and low-income housing tax credit equity. Staff also stated the Home Consortium Board approved the project on May 28 and the site plan had been approved by the Planning Commission.
The Administration and Finance Committee reported a favorable recommendation. Council adopted the resolution by voice vote; the chair announced "Ayes have it. Resolution passes." The transcript does not show a roll-call vote or further implementation details; staff identified Shannon Stevens as the home program manager present to answer questions.
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