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Developer says Belmont Village rezoned and awarded 9% tax credits; project will not require board inducement
5724078 · August 12, 2025
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Summary
Nelson Community Partners reported the Belmont Village project was rezoned, previously occupied households found replacement housing at similar rents, and the project received a 9% low-income housing tax credit allocation, removing the need for a bond inducement from the board.
Nelson Community Partners provided an informational update that the Belmont Village redevelopment has cleared key early hurdles and received a 9% low-income housing tax credit award.
Mick Nelson said the project was rezoned with the support of…
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