No formula for affordable housing compensation
Summary
The city's comp plan policy says lost housing potential must be compensated, but there's no yardstick for how much a developer should pay — the $100,000 offer was simply negotiated. Board members flagged this as a fairness and precedent problem.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 29, 2026.
Impact analysis
The trust fund holds about $50,000 against a $250,000 obligation to buy 809 West Comstock from Holler for a Habitat home; this contribution narrows but doesn't close the gap.
Future affordable housing efforts, including the planned Habitat for Humanity home.
Mentions & discussions (1)
Related development
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