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Council approves eight-year multifamily tax exemption for 40-unit Housing on Apartments in Lakewood Station District
Summary
The council approved an eight-year multifamily property tax exemption for a 40-unit market-rate project in the Lakewood Station District, clearing the conditional certificate and authorizing the city manager to sign the agreement.
The Lakewood City Council on Monday approved Resolution 2025-08, granting an eight-year multifamily property tax exemption to the Housing on Apartments project, a 40-unit, studio-and-one-bedroom development within the Lakewood Station District residential target area.
Public works director Jeffrey Mack summarized staff review and said the project meets requirements in Lakewood Municipal Code 3.64 for the residential target-area exemption. The project will…
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