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@Economust: I don't see why this post is misleading. Construction costs are high but not out of bounds. Placing living units above a fire house has inherent added costs. As for the fire station & library - I state in the post this is worth doing (and have strongly advocated for the project) but the city committed to also finding the funds to add an affordable housing component to it, since the value of the land was consumed by the 2 public facilities.

Note these are rental units, not for sale. This makes it fairly easy to ensure that they continue to be rented to qualified households. Low Income Housing Tax Credits (used here) have severe penalties for violations.

by Cheryl Cort on Jun 4, 2012 10:12 am • link • report

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