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Developer pitches 70–75‑unit project at 870 Main Street; tax-credit application due in May
Summary
A developer presented a proposal to build about 70–75 housing units on authority-owned parcels at 870 Main Street and said a federal low-income housing tax-credit application would be submitted in May; the board discussed sale terms and covenants but took no public action.
Edrick Harris of Prestwick Development Company presented a concept for a new housing development on parcels the authority controls near 870 Main Street, telling the Forest Park Development Authority the firm plans to submit a federal low-income housing tax-credit application in May and is exploring acquisition and development terms with the authority.
Harris said the proposed project would contain approximately "70 to 75" housing units and that the developer typically commits to long-term ownership and compliance covenants. "Our goal would be as we would be submitting for tax credits. That…
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