Phase 4. This part of the redevelopment plan was amended on March 14, 2019 in order to create flexibility for parcel redevelopment, which was not previously permitted. At this time, one parcel within the Phase 4 area is actively engaged in the entitlement process that will net a total of 9 units (i.e. a set-aside of 1 affordable unit). Zoning remains in place for the remainder of Phase 4, which would for a total of 45 units (i.e. a set-aside of 7 affordable units) to be developed. The redevelopment plan continues to create a realistic opportunity for the construction of affordable housing. Taken together, Phases 3 and 4 has a combined realistic development potential to produce 110 units which would result in a set-aside of 17 affordable units.
Appears in 2 contracts
Sources: Settlement Agreement, Settlement Agreement