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Council approves $3.6M city support for Habitat's 40-unit Pelican Place townhome project
Summary
Council approved CRA funding and city support for Habitat for Humanity's Pelican Place: a 40-unit affordable for-sale townhome development targeting households at or below 80% AMI with 0% Habitat mortgages, homebuyer classes and resale restrictions.
City and Habitat for Humanity staff presented details of the Pelican Place affordable homeownership development and the City Council approved a funding package on June 5.
Mark Van Loo (City staff) described the 40-unit project planned near Tangerine Plaza (18th Avenue South / 22nd Street South): total project cost about $15.6 million, an average per-unit cost near $390,000 and…
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