Wheat Ridge allocates 2025 private activity bond cap to Foothills; council backs regional needs assessment and expedited-review plan
Wheat Ridge City Council agreed to assign its 2025 private activity bond allocation to Foothills Regional Housing for the Ridge mixed‑use affordable housing project, and reached consensus to participate in DRCOG's regional housing needs assessment and to pursue a state‑compliant expedited review process to remain eligible for Prop 1‑2‑3 funds.
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Wheat Ridge City Council agreed Monday to assign the city's 2025 private activity bond (PAB) allocation to Foothills Regional Housing for the Ridge mixed‑use affordable housing project at approximately Ridge Road and Miller Street, and expressed support for participating in the Denver Regional Council of Governments' regional housing needs assessment and for codifying an expedited review process required to remain eligible for the state’s Prop 1‑2‑3 funding.
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