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Board approves 256‑unit KMF affordable project LURA despite pushback on 120% AMI units
Summary
Commissioners authorized execution of a land‑use restriction agreement for the KMF 256‑unit multifamily project that includes 64 units at 120% of area median income; several commissioners and public commenters criticized 120% as too high for “affordable” designation.
The board voted to execute a land‑use restriction agreement (LURA) for a 256‑unit multifamily development presented by Coulter Multifamily (KMF). Under the approved LURA, 64 units were set aside at 120% of area median income (AMI). Staff said the LURA was a condition of prior site‑plan and designation approvals dating to 2022, and the applicant has completed final site‑plan approvals and financing is near close.
Commissioner debate…
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