1st Street workforce housing

A 31-year resident and affordable housing developer with Blue Sky Communities thanked the Commission for its vision in pursuing downtown workforce housing.

A Blue Sky Communities representative thanked the Commission for its support of affordable housing, referencing the recent Newtown Plaza ribbon cutting.

The One Stop Housing managing partner pitched his unsolicited $55 million bid — 150 units, 38% below the city's target cost — and asked for a chance to present it, noting it needs no tax-credit or federal funds.

A 45-year commercial real estate broker warned the site was chosen emotionally rather than by data, noted a $30 million pre-acquisition pro forma discrepancy, and called hiring a real estate consultant two years after purchase a non-starter.