Builders and Developers: The City of Wenatchee hopes to have an opportunity for you in Affordable Housing!
The City of Wenatchee has released a Request for Proposals, Mixed Income, Affordable Housing Development. The available sites for the project are shown here, on land currently used as public parking. The City is offering to discuss incentives such as density bonuses, required parking reductions, fast track permitting, tax abatements, permit fee wavers/reductions and/or publicy financed infrastructure. Wenatchee is asking respondents to the RFP to identify the incentives they think may make the project feasible.
Those are all costs to normal development. Why everybody can’t get “fast track” permitting I have no idea. Housing has to be provided in at least 20% of the project to households earning $28.5k to $45.6k per year without it costing more than 30% of their monthly income.
My first thought was that would be difficult. When I considered that this housing could be rental units, it starts to sound more likely to be possible. So, for those developers who want to pursue such a project, get your proposals into the City of Wenatchee by October 27, 2008. If you have thoughts about this as something for the City to pursue using your tax dollars, please comment!
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