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Seeking to meet demand, city expands tax exemption for multifamily housing

Hoping to tie a surging demand for more apartment units in Spokane with a desire for density, the Spokane City Council approved changes to a city tax law this week aimed at spurring construction of more multifamily housing structures . The changes to the Multiple Family Housing Tax Exemption expand the boundaries where the exemption can be used, and aligns the boundaries with land identified by the city to be prime for denser development. The changes also increase the income levels required under the exemption. “This will help us to continue building the city from the core out,” said Councilwoman Candace Mumm . The exemption applies to the construction or rehabilitation of a building that has four or more living units. Under the exemption, the land is fully taxed, but any new improvements related to housing are exempt from property taxes. After the exemption ends , taxes are paid on the property’s full value. The exemption stays with the property even if it’s sold. There are many ...

Glenview, Northbrook look at their affordable housing

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May 13, 2013 | By Alexandra Chachkevitch, Tribune Reporter Crestwood Place senior facility , discusses the importance of socio-economic diversity in communities at his apartment on May 3." alt="Marshall Gardner, a resident of Northbrook's Crestwood Place senior facility , discusses the importance of socio-economic diversity in communities at his apartment on May 3." /> Marshall Gardner, a resident of Northbrook's Crestwood Place senior facility , discusses the importance of socio-economic diversity in communities at his apartment on May 3. (Alexandra Chachkevitch, Chicago Tribune) Marshall and Paulette Gardner were residents of a senior living facility in downtown Chicago eight years ago when they decided to move back to Northbrook, nearer their children. Crestwood Place , the village's affordable housing development for seniors, seemed perfect. "We were lucky — the waiting list happened to be short during that time," said Paulette Gardner, 71...

East Falmouth 40B Brings Out Affordable Housing Stereotypes | Falmouth News

Plans for a Chapter 40B development on Brick Kiln Road sparked tension between members of the Falmouth Zoning Board of Appeals and the public last Thursday, August 17, when some neighbors voiced concerns about the perceived negative impacts of having affordable housing in their neighborhood. The proposed rental development , named Brick Kiln Place , would include 20 units contained in 10 ranch- style duplex buildings on 3.66 acres of land. Developers John J. DeSangro and Dana J. Wessell of Northstar Construction, doing business as Northstar Place , LLC, submitted plans for the project in January. The proposed development is unofficially located at 123 Brick Kiln Road , and would sit between two residential subdivisions on Sophie Lane and Jamie Lane, built between 1960 and 2000. Zoning consultant Stephen O. McKenzie, representing Northstar Place , noted that Mr. Wessell and Mr. DeSangro live off Brick Kiln Road themselves, and chose to build the affordable housing development...

Boulder Celebrates Grand Re-Opening of the Nest Communities

Apartments Communities Newly Modernized by The Michaels Organization, Element Properties , and Allison Management are Preserved as Three Key Affordable Housing Resources in the City of Boulder BOULDER, Colo., August 17, 2017 (Newswire.com) - City officials, community leaders, and residents today joined executives of The Michaels Organization, Element Properties , and Allison Management to celebrate the grand re-opening of three apartment communities that have been rehabilitated and preserved as affordable housing for families in Boulder households with low- and moderate- incomes. “The creation of the Nest Properties has been a tremendous opportunity to work with private partners to implement a key city strategy of preserving existing housing into permanent affordable housing . It’s a real win for our community,” said Kurt Firnhaber, Deputy Director of Housing for the City of Boulder. Known collectively as “The Nest Communities,” The Nest on Osage, The Nest on Thunderbird, and ...

Boyle Heights Beat – Despite new construction of Linda Vista Senior Apartments, resources slim for seniors in Boyle Heights

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Linda Vista Senior Apartments , resources slim for seniors in Boyle Heights" title="Despite new construction of Linda Vista Senior Apartments , resources slim for seniors in Boyle Heights" /> After being closed for 22 years, the historic Linda Vista Hospital will be converted into housing for seniors. Photo by Jonathan Olivares historic Linda Vista Hospital will be converted into housing for seniors. Photo by Jonathan Olivares" src="http://www.boyleheightsbeat.com/wp-content/uploads/2013/05/LINDA-VISTA-2-1024x682.jpg" width="524" height="382" /> After being closed for 22 years, the historic Linda Vista Hospital will be converted into housing for seniors. Photo by Jonathan Olivares Léa este artículo en español After 22 years of abandonment, the old Linda Vista Hospital will soon have a new life — improving the situation for some elderly adults who struggle to find decent and affordable homes in Los Angeles. The historic buil...

Charlotte Housing Trust Fund could run dry soon

Charlotte’s biggest source of funding for affordable housing projects could soon run dry, as a City Council committee voted Wednesday to move forward with its biggest-ever round of new projects. It’s the latest step in the city’s push to create or preserve 5, 000 affordable housing units over three years, a goal City Council voted to adopt in the wake of the Keith Scott shooting and subsequent unrest last year. City staff said Wednesday that the city is almost halfway to that goal, though the total includes rehabilitated residences and down payment assistance for homebuyers, in addition to brand-new affordable units . The allocations from Charlotte’s Housing Trust Fund that the committee voted to move forward with Wednesday will provide financing for 769 new, income-restricted apartments in five buildings, though the projects also need approval for federal low- income housing tax credits . The aggressive approach to spending could build more apartments faster, but it will leave...

Council to take final vote Monday on north Cheyenne affordable apartments | Local News

CHEYENNE – It has been a tumultuous couple of months for a tidy suburban neighborhood in north Cheyenne . Residents of The Bluffs started hearing about the affordable apartment complex planned for their western border near Converse Avenue in mid-spring. They got a presentation from Summit Housing Group at Anderson Elementary School , which sits in the northwest corner of the neighborhood, not long afterward. By most accounts, things became heated pretty quickly . “We tried to explain the project to community,” Summit senior project manager Sam Lang said. “But they just said, ‘We don’t want this.’” A similarly passionate Cheyenne Planning Commission meeting followed July 5. Commissioners’ attempts to explain their reasoning for recommending approval of rezoning and the importance of having affordable housing in the community came off to many in the crowd of Bluffs neighbors as politically correct nonsense . Similar concerns persisted in City Council committee meetings , though t...

Ellis Act-evicted Portola school turned townhouses asks $10.75 million

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The owners of a 54- unit townhouse development in Portola, located a few blocks from McLaren Park, have put the whole lot up for sale, which includes plans, permits, and parcels. Asking $10.75 million, an opportunity for some other would-be developer to fill in some in-fill in the city’s southernmost reaches. Once upon a time, 495 Cambridge was Bridgemont High School (also known as Bridgemont Junior High ). But the schoolhouse fell on hard times in 1998 and ended up evicted. The San Francisco Chronicle wrote at the time: Wells Fargo Bank yesterday evicted students of a Portola District religious prep school and more than 30 low-income boarders from their home. [...] The school defaulted on a $4.7 million note, allowing Wells Fargo to foreclose and buy the four-acre former Roman Catholic convent . The bank then used the Ellis Act to clear a 30- unit apartment house attached to the school. Back in 2014, the Planning Department said the circa- 1951 school buildings were being us...

Reno rent market at record-high prices, near-zero vacancy

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Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City. (Andy Barron/The Reno Gazette-Journal via AP) Photo: Andy Barron, AP / The Reno Gazette-Journal" class="landscape" /> residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City. (Andy Barron/The Reno Gazette-Journal via AP) Photo: Andy Barron, AP / The Reno Gazette-Journal" class="landscape" src="src" /> Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that ...