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Council raises workforce-housing finance cap and approves nonbinding MOU for 150-unit project
Summary
The Show Low City Council adopted a revised workforce-housing incentive and approved a nonbinding MOU to study a proposed 150-unit workforce rental project at East Wolford and 8th Street.
The Show Low City Council moved to change its workforce-housing incentives and to enter a nonbinding planning agreement with a private advisory group to pursue a large workforce-rental project.
Staff asked the council to rescind Resolution R2024-08 and adopt Resolution R2025-01, which raises the maximum financed price for a new site-built home qualifying for the city’s workforce-housing incentives from the previously adopted $284,000 threshold to $325,000, with an annual consumer price…
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