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Flagstaff approves $1.65 million rental‑incentive bond award to Lone Tree Ranch, extending affordability to 50 years
Flagstaff City Council · April 7, 2026
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Summary
Council approved awarding $1.65 million in remaining rental‑incentive bond funds to Lone Tree Ranch, leveraging 168 Capital‑A affordable units and securing an extended 50‑year affordability period as a condition of the forgivable loan.
Housing planner Sullivan Moore asked council to approve the remaining $1.65 million in the city's rental incentive bond program to support Lone Tree Ranch, a 168‑unit affordable housing…
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