Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee approves reduction of CDBG‑compliant units at The Radian from 30 to 22
Summary
Following a motion to reconsider, the Legal and Finance Committee approved an amendment reducing the number of Community Development Block Grant (CDBG) compliant units at The Radian apartment complex from 30 to 22 after staff monitoring found eight units out of compliance.
The Legal and Finance Committee on Feb. 12 approved an amendment to the city's agreement with The Radian apartment owners to reduce the number of units required to meet the city's CDBG affordability standard from 30 to 22.
Director Daniel Ainsley said the Radian, a recently completed 42‑unit apartment complex, received $597,000 from the city's CDBG program as part of its capital stack. During the project's first annual monitoring the city's CDBG manager found eight of the originally designated 30 units were charging rents above the program…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
