Agenda item for the Board of Commissioners meeting regarding the approval of an updated affordability mix for Tryon Station Apartments, a 176-unit affordable rental development for families in Garner. The proposed mix serves households earning up to 50%, 60%, 70%, and 80% of the Area Median Income (AMI) with an overall project weighted average affordability of 58.8%.
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Summary
Agenda item for the Board of Commissioners meeting regarding the approval of an updated affordability mix for Tryon Station Apartments, a 176-unit affordable rental development for families in Garner. The proposed mix serves households earning up to 50%, 60%, 70%, and 80% of the Area Median Income (AMI) with an overall project weighted average affordability of 58.8%.