Gaithersburg council approves rezoning and waivers for Casey Foundation affordable‑housing project The council unanimously approved a zoning map amendment and related waivers to enable a mixed‑income redevelopment (up to 434 units) led by the Casey Foundation; staff said 75% of units will be income-restricted to 50–80% AMI and the project includes a tenant‑friendly phasing plan.

Gaithersburg's council just greenlit a groundbreaking mixed-income redevelopment plan that promises 434 new homes, with 75% reserved for low-to-moderate income families!

Click to read more!

#GaithersburgCityMontgomeryCounty #MD #CommunityPlanning #MixedIncomeDevelopment

OHCS presents SB 684 report proposing mixed‑income revolving loan fund to bridge construction financing gaps OHCS presented a report requested by SB 684 outlining options for a mixed-income construction revolving loan fund to address a typical 25% financing gap that deters private investment. Recommendations include below‑market loans, equity investments, bond-backed lending, and statutory flexibility on AMI targets.

A groundbreaking report reveals how a mixed-income housing revolving loan fund could be the key to unlocking stalled affordable housing projects in Oregon!

Click to read more!

#OR #PublicFinancing #MixedIncomeDevelopment

Board approves mixed-income pilot for 702 Manufacturers Road, developer to deliver 42 affordable units Chattanooga approved a mixed-income pilot for a 278-unit development at 702 Manufacturers Road that will include 42 affordable units (15% of total); the city expects a partial tax abatement and a PILOT tied to the value of affordable units.

Chattanooga is set to break ground on a groundbreaking mixed-income housing project that promises 42 affordable units and significant tax benefits, reshaping the city’s approach to affordable living.

Learn more here!

#ChattanoogaCityHamiltonCounty #TN #CitizenPortal #MixedIncomeDevelopment

Commissioner Waldrop outlines mixed income housing project backed by state governor Waldrop proposes deed restrictions to ensure owner-occupied housing in new community project.

A revolutionary housing initiative in Weber County aims to create mixed-income communities while keeping homes owner-occupied, sparking excitement among leaders and residents alike.

Learn more here!

#WeberCounty #UT #CitizenPortal #WeberCountyHousing #MixedIncomeDevelopment #AffordableHousing