Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing topic
No spam. Unsubscribe anytime.
Council hears housing work-group update; town’s $12M investment in Stables project noted
Summary
Staff reported on housing work-group minutes and HOA engagement for the Stables development; council noted the town contributed $12 million toward the project and discussed how many residents use assistance as down-payment support.
Housing staff presented work-group minutes and noted outreach to the Stables HOA to review survey results and neighborhood sentiment. Council members discussed how the town’s contribution to the Stables project has supported workforce housing and focused questions on how residents use assistance and whether the program could be presented as down-payment help.
One councilor reminded listeners that the town put $12,000,000 into the Stables project, describing that as a subsidy that translates to about $200,000 per unit in support for new workforce units. Staff said many participants do use the assistance for down payments and that recent weeks have seen additional applications submitted to the program.
Councilors encouraged continued HOA engagement and asked staff to monitor program outcomes and ensure outreach so eligible families are aware of the assistance available.
