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Commission approves conveyance of Broadway Corridor parcels for 151-unit affordable housing project
Summary
The commission approved Resolution 77-26 to convey five city-owned parcels on the Broadway Corridor to a developer for a 151-unit, 100%-affordable rental building targeting 30–80% AMI with a 30-year affordability covenant and an estimated $67.8 million development cost.
The City Commission unanimously approved Resolution 77-26 on April 13, authorizing conveyance of five city-owned parcels on the Broadway Corridor for development of a 151-unit, 100%-affordable rental project.
Jade Green, director of Housing and Community Development, described the conveyance as part of a corridor-revitalization strategy. The proposed seven-story mixed-use building would include studios,…
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