Summary
$13 million in tax-exempt conduit bonds will help convert the historic Borden Mill into 144 units of affordable housing (30-70% AMI) with zero risk to the city's finances. Council members pressed on how long affordability lasts (at least 15-30 years) and whether later phases will mix incomes.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Apr 13, 2026.
Impact analysis
No cost or debt obligation for the city or taxpayers — the bonds are repaid solely from the project's revenues.
Low- and moderate-income families earning 30-70% of area median income seeking housing.
Mentions & discussions (1)
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