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Riverwood: 21 affordable units planned by October; leasing process will differ from tax-credit projects
3244227 · April 22, 2025
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Summary
Management said Riverwood will deliver 21 units at 80% AMI by October; affordability will attach to units under an FHA loan rather than low-income housing tax credits, and staff are still working out wait-list and leasing procedures with Greystar.
Riverwood management told the meeting the property will have 21 units restricted to 80% of area median income (AMI) by October and that the leasing and compliance process will differ from tax-credit projects.
Tim, a Riverwood manager, said the 21 affordable units are tied to the unit rather than to specific tenants…
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