Faced for the first time with funding requests from multiple large-scale affordable housing projects, the city’s Affordable Housing Advisory Board recommended that the city fund senior apartments and mixed-income townhomes.
As part of its meeting Monday, AHAB voted unanimously to recommend that the city provide $350,000 of its affordable housing funding to Bethel Estates, apartments for seniors that will be temporarily affordable for 30 years. The board also voted to recommend that the city provide $125,000 to 23 Tenn Flats, a mixed-income townhome community where a portion of the homes will be permanently affordable.
Read more: LJWorld.com