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LITEC plans letter of support for 61-unit affordable housing project off Hardy Avenue
Summary
LITEC told council it will offer an annual letter of support for a 9% Low-Income Housing Tax Credit project of 61 units off Hardy Avenue, with 56 units proposed as affordable and a target household renter income range of $43,000–$65,000.
A representative from LITEC (Blake) requested council acknowledgment that the organization plans to issue its annual letter of support to a developer pursuing a 9% Low-Income Housing Tax Credit (LIHTC) project near the airport off Hardy Avenue. Blake said the proposed development would include 61 units, of which 56 would be designated affordable and six market-rate, and that the project's target households would have renter incomes roughly in the $43,000–$65,000 range. Blake said the developer is in the variance process and expected to present to the council in a subsequent meeting.
Blake framed the letter as part of LITEC's GIC alumni benefits; no formal council action was recorded in the work session transcript and staff indicated the applicant would proceed through the normal variance and permitting processes. The council did not take a formal vote on a letter of support during this session.
