IC 4.3 family housing presented as part of broader transition plan; developers outline timeline and unit mix

TIDA and the developer team presented design and transition housing details for the IC 4.3 family housing project on April 16, explaining how the new building fits into the island's multi-building transition plan for current residents.

Joey Benasini, vertical project manager with the developer, said the IC 4.3 project is a partnership of the John Stewart Company and Catholic Charities. The building will include 61 replacement units for current HomeRise residents, 30 transition units for legacy Villages households and 58 apartments offered at 50–60% of area median income through the Dahlia lottery managed by the Mayor's Office of Housing.

"The IC 4.3 project will include new homes for many existing residents on the island," Benasini said. He described the building as six stories with three wings, two internal courtyards and ground-floor parking with about 40 spaces and a bike room. The project will include a childcare center designed to accommodate up to 58 children.

Preliminary financing sources were summarized with a total development cost of about $177,000,000, and Benasini said the project team is preparing an Affordable Housing and Sustainable Communities (AHSC) grant application due next month. The developer anticipates starting construction in late 2026 or early 2027 and completing the building in late 2028, with near-full occupancy targeted for April 2029.

TIDA Executive Director Bob Beck placed the IC 4.3 schedule in context with other authority buildings: a senior building and a behavioral health building expected in 2028, and another residential building (E2.3) expected in 2030. Beck said the authority projects most current 1 Treasure Island households and legacy Villages households will have opportunities in the next set of buildings and that complete relocation of all current households is anticipated by 2031.

Residents raised concerns about mixed-income housing and unit conditions in some existing transition properties. Jeff Klein, a long-term resident, said residents have experienced issues in some mixed-use buildings and asked whether comparable models exist at the ratios planned for some Treasure Island buildings. Benasini and Beck said resident services will be provided on-site by Catholic Charities and that the authority will continue to coordinate supportive services and resident outreach.

Ending: The board and staff said they will hold additional community meetings this fall on IC 4.3 design and continued transition sessions this summer, and they encouraged residents to contact TI advisors for Dahlia lottery and homebuyer opportunities when they open.