- The Affordable Housing element being voted on is a complete cludge and REDUCES the density bonuses for for market rate housing that have proven successful. This is 100% attributable to Council Person Duerr's involvement in the ordinance writing process. Council has been crying "housing crisis" as long as I can remember, and their solution is to make it worse?
- MOD II - Can't lease units (at their pro forma) based on the "oversupply" of units in the Downtown Market. and are risk of defaulting on their Sewer fee deferments of only $78K or so. Project is for sale https://www.loopnet.com/Listing/344-W-2nd-St-Reno-NV/31574354/ and bid were due a couple weeks ago,
2 things stand out:
- The Affordable Housing element being voted on is a complete cludge and REDUCES the density bonuses for for market rate housing that have proven successful. This is 100% attributable to Council Person Duerr's involvement in the ordinance writing process. Council has been crying "housing crisis" as long as I can remember, and their solution is to make it worse?
- MOD II - Can't lease units (at their pro forma) based on the "oversupply" of units in the Downtown Market. and are risk of defaulting on their Sewer fee deferments of only $78K or so. Project is for sale https://www.loopnet.com/Listing/344-W-2nd-St-Reno-NV/31574354/ and bid were due a couple weeks ago,