Affordable housing revenue bond proposal rejected
Summary
A plan to let an out-of-state buyer use revenue bonds to convert hundreds of units at Arbor Ridge Apartments and St. James Place to affordable housing was placed on file 14-1. Supporters called it a missed opportunity in a housing crisis; opponents said the buyer never engaged the local alder or community.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed May 12, 2026.
Impact analysis
No direct city cost, but hundreds of potential affordable units were not converted.
Local alders' concerns about unvetted out-of-state landlords are honored.
Renters who might have gained affordable units at the two properties.
Mentions & discussions (1)
Related development
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