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City says $5 million for Mountain Townhomes is ready to pass; county PLHA pooling approved
Summary
City staff told the council the city has $5 million in funds to pass through to developers for the 25-unit Mountain Townhomes affordable housing project, and that the county board approved pooled PLHA funds, clearing the way for a planned building permit in mid‑June.
City staff provided an update on Mountain Townhomes, a proposed 25‑unit affordable housing project. Staff said the city has received $5,000,000 in funds to pass through to the project and that state guidance allows issuing the check in full minus a $250,000 administrative fee for the city’s two-year involvement, with the check to be issued after the developer pulls a building permit.
Staff also…
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