Camp Verde council denies GAP loan and fee waivers for proposed 80‑unit affordable housing project
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Summary
After an executive session, the Town Council voted unanimously to deny Resolution 2026-2012, which would have committed a GAP loan, development fee waivers, and employment center documentation for an 80‑unit Low‑Income Housing Tax Credit project at 360 North Homestead Parkway, citing inability to provide required loan and fee waivers.
The Camp Verde Town Council on March 18, 2026 declined to commit town resources to an 80‑unit affordable housing project proposed by Woda Cooper Development, Inc., saying the town could not provide the GAP loan and fee waivers being requested.
Development Services Director Christian Green and Special Initiatives Manager Cliff Bryson presented the proposed three‑story, 80‑unit multifamily development at 360 North Homestead Parkway (APN 403-23-016B). The project, proposed in partnership with Montezuma Terrace Limited Partnership, is intended to serve households earning between 30% and 60% of Area Median Income and was being proposed as a Low‑Income Housing Tax Credit (LIHTC) application with an anticipated award decision by June 30, 2026.
Mayor Marie Moore moved to convene into executive session for legal advice at 8:13 p.m.; the council reconvened at 9:00 p.m. and, on a motion by Vice Mayor Wendy Escoffier seconded by Councilor Patricia Seybold, voted 7-0 to deny Resolution 2026-2012. Council recorded the denial was due to an inability to provide the required GAP loan and development fee waivers at this time. Joseph McCabe spoke for Woda Cooper during the public presentation; no public speakers opposed or supported the request in the minutes.