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Council approves fee waivers and trust-fund contribution to advance 130-unit senior affordable project
Summary
Housing Trust Group's Legacy Park 2 — a 130-unit senior affordable project — received council approval for impact-fee waivers ($594,418.47), building-permit fee waivers ($216,105.18), and a $450,294 contribution from the Affordable Housing Trust Fund to bridge financing shortfalls.
The City Council approved a package of fee waivers and a trust‑fund contribution to enable Legacy Park 2, a proposed 130-unit senior affordable housing development, to move forward.
Ariel Frane of Housing Trust Group said the project consists of two buildings totaling 130 units, "98 1 beds, 32 2 beds," with on‑site amenities and supports for seniors. Developers explained rising construction costs and Davis-Bacon wage requirements increased the budget by approximately $2 million; the requested waivers and the Affordable Housing Trust Fund contribution are intended to close a financing gap so the project can reach closing and begin construction this year.
Council discussed the balance between preserving the tax base and supporting long-term affordable units. Council received details from staff about existing trust-fund commitments and remaining fund balances; staff noted that if approved the trust fund balance would fall but still retain operating reserves. The motion passed on roll call; two councilmembers recorded 'no' votes while the majority supported the measure.
