Thursday, February 9, 2017

Affordable housing, Redwood City project

Weird!  250 apartment units approved:
no one screaming "traffic, red-legged
frogs, I got mine, evil developer,
outsider, LAWSUIT, end-of-the-world."
The Daily Journal/Anna Schuessler, 2/9/17. "Brewster Avenue plan gets OK: Redwood City development to include affordable housing."

"Garnering praise for providing on-site affordable housing units, a proposal for a 250-unit apartment building at 801 Brewster Avenue was met with unanimous approval from the Redwood City Planning Commission Tuesday night.

The developer, Anton Development Company, requested exemptions from building height caps set for downtown building projects in this area to offer 20 percent of the 250 rental units proposed, or 50 units, for rent at a below-market rate. An economic analysis showed that allowing the building’s heights to reach four and six stories where they are capped at three and five would allow the developer to finance on-site, below-market units, taking advantage of a state law and federal low-income tax credits and tax-exempt financing."  Read article.

Reference.  City of Redwood City, 801 Brewster Avenue.  Location. MapQuest.  Developer, Anton Development Company.  Related. City of Redwood City/Current development Projects.  Apartment leasing, 200 units, BuzzBuzzHome.   Note photographic rendering from Anton Development Company.

Posted by Kathy Meeh

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