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Developers seek CRA support for 35-unit Green River LIHTC project and a 10-unit Huntington senior duplex plan
Summary
Green River Partners asked the CRA for a $151,000 low-interest loan to improve scoring on a May 1 LIHTC application for roughly 35 affordable units; a separate developer presented a 10-unit senior duplex proposal on county land in Huntington and discussed a potential per-unit CRA subsidy.
Two developer presentations took the CRA’s attention on Jan. 20: one from Green River Partners seeking early financial commitment to pursue 9% Low-Income Housing Tax Credits (LIHTC) in Green River, and a second proposing a 10-unit senior duplex development on county-owned land in Huntington.
Green River Partners requested a $151,000 low-interest loan (repayable over at least five years) to strengthen their LIHTC application due May 1. Ashley Atkinson, a principal with Green River Partners, said the team is planning “probably 35-ish affordable housing units, probably for seniors” in a phased development and that the full project budget is roughly $14.4 million. Atkinson said local jurisdictional support would materially increase the proposal’s competitiveness for highly competitive 9% tax credits. The developers said tax credits would require local scoring points and requested CRA guidance and a list of items staff would need to vet an April agenda request.
On Huntington, a developer presented a conceptual 10-unit, senior-oriented duplex plan on county land west of the newly built senior center. The designer described 2,100-square-foot units with substantial attached garages and an intent to provide accessible, single-level living. The team said they hope for CRA participation (board members referenced earlier conceptual support near $50,000 per unit), outlined site challenges that may increase costs (soil/geotechnical and potential flood/''float'' conditions in low-lying areas) and proposed gifting a roughly 1-acre improved parkland to the city at project completion.
Why it matters: The Green River project, if supported, would add roughly 35 affordable units and convert a developer interest into measurable tax base and local jobs; the Huntington project is smaller but targets senior housing and county-owned land. Board members asked developers to coordinate with city staff on water shares, confirm geotechnical data, and provide a clear package for CRA consideration at an upcoming meeting.
What comes next: Developers requested to appear on the April agenda for fuller review. CRA staff said they could call a special meeting if necessary to meet deadlines; staff asked developers to submit materials with specific items the board should review (finance structure, payback terms, evidence of city coordination, and project timeline).
