The Reno City Council has approved the reduction of $837,168 in sewer connection fees for the Vintage at Washington Station senior afforable housing project, located along 3rd Street between Washington and Vine.
The Reno City Council had previously sold the land to Greenstreet at a discounted rate.
The land should close escrow soon, with asbestos evaluation and bataement to start soon after, and if all goes well, demolition of a building currently storing historic fire equipment should begin in a couple of months.
The project will consist of 205 units.
Approval of the request provided for 205 affordable senior housing units, of which all 205 units will be provided at 60 percent AMI. The project will set aside five HOME units at 45 percent AMI. All 205 of the units will be income restricted for a minimum of 20 years, as required. The applicant is requesting 75 percent of the fee reduction, resulting in an impact of $837,168.75 from the Sewer Enterprise Fund.
This action is the result of 2019 legislation that was passed that allowed local municpal governments to waive building permit fees and other fees for affordable housing projects.
In 2020, the Reno City Council was one of the first in the State of Nevada to adopt ordinances utilizing the 2019 legislature approval.
Yet another excellent project by Dane Hillyard. Capitalism and social justice can absolutely be combined.