Affordable Housing Financing and Affordability Targets at Gallery at Loomis Park
Summary
The committee discussed the financing structure for the 28-story Gallery at Loomis Park project, debating the balance between city investment and the resulting AMI affordability tiers. Board members noted that while the RAD project brings immense value, higher AMI bands highlight the need to push for deeper affordability.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Mar 25, 2026.
Impact analysis
A $3 million city ARPA investment supports a $116 million overall project stack.
Future residents, including relocated RAD residents and workforce households qualifying up to 120% AMI.
None identified.
Mentions & discussions (1)
Related development
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