What: Cold Water Capital proposes 107 workforce housing units at 521 Lake Street, average rent about $1,270 (under 60 percent of area median income), total cost about $24 million.
Where it stands: Approved September 23, 2026: up to $3.1 million of tax increment assistance (all increment through the 2035 sunset plus supplemental payments), with best efforts to set a 15-year affordability term.
2026-09-23 - City Council - Staff presentation and applicant answers; some members pressed for a longer affordability guarantee; approved by voice vote.