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Wheatland Investments seeks $800,000 after site geology raises costs for 121‑unit Floret Hill project
Affordable Housing Advisory Board · October 10, 2025
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Summary
Wheatland Investments presented Floret Hill, a 121‑unit development at K‑10 and Bob Billings with 1–3 bedroom units targeted 30–60% AMI. Developers reported $4M of unexpected limestone/site costs and asked AHAB for $800,000 to close the gap and proceed to permit submission.
Kelsey Haire and Dave Rhodes of Wheatland Investments presented Floret Hill, a proposed 121‑unit affordable housing development on the southeast corner of K‑10 and Bob Billings.
Haire described the project as 121 units with a mix of one, two and three bedrooms, targeting 30–60% AMI and including community…
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