Reno housing initiative exceeds initial goal
A number of developers were at City Hall on Monday, December 9, 2019 when Mayor Hillary Schieve announced the good news.
“We’ve already exceeded our goal by 600 units,” Schieve said. “So I figured let’s get 2,000 on the market.”
Approved back in October, the
initiative aims to kick start housing development by deferring a number of development costs for projects approved under the program, but it’s important to point out what has and what has not happened yet.
“These 1,600 homes are actually just permits coming in,” said Schieve. “The council does have to approve most of these projects, so that is another hurdle.”
There are several proposed areas around town where signs are already posted indicating the possibility of development there. You’ll see one of those on the corner of Yori Avenue and Gentry Way, as well as another on the corner of Keystone Avenue and Fifth Street.
There is also a very intriguing proposal for a site near Greater Nevada Field, where SVE development is looking to build homes just north of the river between Evans Avenue and Lake Street.
Mayor Schieve says not all of these proposed developments will fall into the category of affordable housing, but a good percentage will.
“A lot of people will ask why it is not all affordable, but you don’t put all affordable in one area that doesn’t make sense,” she remarked. “We want everyone in the city to be able to live and work with everyone.”
Regardless of how many of the new projects are categorized as affordable, it’s become clear that downtown Reno will be looking a lot different in years to come.