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Council authorizes application for state tax credits and conduit bonds for Reuter Walton affordable housing project (contingent on allocation)
Summary
Council adopted resolutions to allow Reuter Walton Development LLC to apply for state low‑income housing tax credits and to pursue conduit revenue bonds if allocated credits; council added wording that the city will have no taxpayer liability and the project is contingent on receiving allocation in January 2026.
The council authorized staff to proceed with resolutions that allow Reuter Walton Development LLC to apply for state low‑income housing tax credits and to pursue conduit revenue bonds to support a proposed affordable housing project, contingent on later allocation decisions.
Councilor Whiting moved adoption of resolutions to permit the developer to apply for tax credits and seek conduit…
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