Only a portion have to be at $700/mo though which is my guess that they're considering "affordable" which I'd agree with actually.
I am excited to see this project go forward. Just to follow this, we first had an announcement this winter, then the City had an official council action to pursue using the Neighborhood Stabilization program (is that tied to the Empowerment Zone funds?), now we have demolition permits.. I'd say we're on track for renderings in a few months, maybe this summer.
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