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Committee advances Lancashire sale for senior affordable housing; councilmember objects
Summary
The Planning and Development Committee on Feb. 4 considered Ordinance 21 0212025 authorizing the mayor to execute a real estate purchase agreement for a city parcel on Lancashire that city staff said will be used for a senior affordable housing development.
The Planning and Development Committee on Feb. 4 considered Ordinance 21 0212025 authorizing the mayor to execute a real estate purchase agreement for a city parcel on Lancashire that city staff said will be used for a senior affordable housing development.
City planning and economic development staff said the privately financed project would be about a $22,000,000 investment and would create income‑restricted senior housing on a parcel described in the ordinance (parcel numbers referenced in committee materials). Eric Zahn, director of planning and development, and Brian Anderson, director of economic development, and developer Kevin Brown described the transaction and the next steps, including a later development agreement if state tax credits are awarded.
The discussion focused on eligibility and unit mix. Kevin Brown,…
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