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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 households at 60% of area median income (AMI) and below. The developer will rehabilitate an existing single‑family house on site for community space and construct a three‑story, elevator‑served building with a minimum of 40 dwelling units (presentation materials referenced "41 bedroom units") with a veteran preference and on‑site supportive services (20 hours per week). The DA requires the project remain affordable for 50 years and includes timing provisions and reconveyance clauses should milestones not be met; HUD environmental‑review approval is a precondition to transferring the parcel.
Councilmembers praised the design, the retention of the existing house for resident services, and the veteran preference. Member Abbott moved to adopt the ordinance approving the development agreement; Member Vanderwell seconded and the motion passed unanimously.
Northern Nevada Community Housing will pursue additional financing, including federal HOME funds through the Washoe County HOME Consortium; staff noted HUD environmental review must be completed before the city can transfer the property to the developer.
