A while back I reported on a series of permits emerging for the bluff property at 500 Stoker Avenue.
It turns out this will actually be an affordable senior housing project called Stoker by Vintage.
At the upcoming September 25 council meeting, they will be asking for a sewer fee reduction to help the affordable housing project pencil out.
Stoker by Vintage is an affordable project which proposes to low-income seniors at or below 60% AMI. The location of the project, located at 500 Stoker Ave., will provide 180 units of affordable housing. All 180 resident units at the property will be restricted to seniors earning at or below 60% of area median income (AMI). The affordable housing project is eligible for an 85 percent fee reduction and is requesting a reduction of sewer connection fees in the amount of $1,560,906. However the sewer fund looks to be a bit tight, so City of Reno staff is recommending approving this request at a reduced amount totaling $1,465,059, due to a lack of funding.
Several other ‘Vintage’ senior housing projects have received sewer fee reductions in the past.
These include:
June 14, 2023- Council approved Vintage at Redfield request for subsidization of $1,032,099 in sewer connection fees.
March 9, 2022 – Council approved the Vintage at Washington Street Apartments request for subsidization of $837,168.75 in sewer connection fees.
April 14, 2021 – Council approved the Springview by Vintage Apartments request for a subsidization of $735,075 in sewer connection fees.