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Council approves development agreement for 306 10th Street affordable housing — 'Reserve at Sparks'
Summary
The council adopted a development agreement with Northern Nevada Community Housing to develop the Reserve at Sparks, a roughly 0.96‑acre affordable housing project at 306 10th Street, to provide at least 40 units serving households at 60% AMI and below and remain affordable for 50 years.
Sparks councilmembers unanimously adopted a development agreement on April 27 with Northern Nevada Community Housing to develop a 0.96‑acre downtown parcel at 306 10th Street as an affordable housing project, now called the Reserve at Sparks.
Staff said the parcel was acquired using $2,800,000 from the Home Is Nevada initiative and must be used for housing serving…
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