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Council denies request to reduce required low‑income units at Radiant apartments
Summary
The City Council refused a request from CB/Radiant Apartment developers to amend an agreement and reduce the number of deed‑restricted low‑income units from 30 to 22, citing concerns about the city's requirements and the project's compliance with those commitments.
The City Council voted on Monday to deny a request from CB Rapid City Housing Limited Partnership (CommonBond) to amend the previously agreed number of low‑income units at the Radiant apartment complex, keeping the commitment at 30 restricted units.
Finance Director Daniel Ainsley read a statement provided by the project representatives explaining how area median income (AMI) calculations and HUD rent…
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