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Council directs staff to prepare updated agreement for First & Pine affordable ownership townhomes
Summary
The council directed staff to prepare a revised affordable housing agreement for the First & Pine site after the project team presented a redesigned ownership model and financing approach.
On Nov. 3 the Ellensburg City Council directed staff to prepare a revised affordable housing agreement for a reformulated proposal for the First & Pine site, asking staff to negotiate details of covenant language, presale requirements and assignment/continuity from the previously selected proposer.
Housing Program Manager Lily Fry introduced the revised submittal. Skyler Bissom Rapp, representing Manastash Architecture/Planning & Development and joined by TM Construction and Homesite (a community development financial institution), described a new "simple townhomes" ownership model intended to…
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