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Developer says financing constraints, Measure A commitments make apartments infeasible at Agrihood site
Summary
Core Companies told residents that financing and program eligibility constraints — not community preference — drove the decision to propose 44 for‑sale townhomes instead of building the previously approved 160 apartments at the Agrihood site.
Core Companies used Thursday’s community meeting to explain in detail why it is seeking to pivot from the 2019 approval for roughly 160 rental apartments to a 44‑unit for‑sale townhome plan.
Vince Cantore said the company examined multiple development options — high‑density apartments, assisted living, and other affordable models — but encountered financing barriers. He told attendees the site does not qualify as a…
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