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Bloomington officials outline Hopewell housing timeline and new developer incentives to boost affordability
Summary
Mayor Thompson said the Hopewell South development is expected to break ground by September 2026 and include ownership units starting “as low as $83,000.” Councilmember Isabel Piedmont Smith described revised incentives that set affordability targets at 90% AMI with a tier requiring some units at 70% AMI.
Mayor Thompson and Councilmember Isabel Piedmont Smith used the town hall to set a public timetable for parts of the city’s housing strategy and to explain incentives intended to produce more affordable units.
Mayor Thompson said the city expects a Hopewell South groundbreaking “by September 2026” and that early earth-moving is already underway. She said the administration is building recapture…
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