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Cheyenne council approves application to Wyoming Business Council for land to build 184 affordable-housing units
Summary
Council authorized submission of a Business Ready Community grant application to buy 8.37 acres for a proposed 184-unit affordable housing development; developer Wasatch Group described use of 4% tax credits and the mayor said private and CDBG funds would help match the grant.
The Cheyenne City Council voted to authorize submission of an application to the Wyoming Business Council under the Business Ready Community grant program to acquire 8.37 acres intended for affordable housing development.
Council and staff described the site as capable of supporting a 184-unit affordable housing project using 4% low-income housing tax credits. Jerm Johnson of the Wasatch Group told the…
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