Parks, Recreation, and Open Space employees came to the Board of Supervisors meeting on Nov. 4, 2021 in support of Mayor Lori Bagwell’s proclamation to recognize November as Quality-of-Life month. (Photo: Faith Evans/Nevada Appeal)
Though the pandemic put a hitch in Carson City’s plans for an affordable housing development on the north side of Butti Way, the project is getting back underway. The Board of Supervisors met Thursday morning to review the permitting and construction timeline for PalaSeek LLP’s 160 proposed units on the property.
The project is split into two phases, allowing PalaSeek to break ground faster on 80 family units. The plan is to have the Phase 1 Development Agreement approved by the board before the end of this year, break ground in March, and complete Phase 1 construction by July 2023.
The remaining units in Phase 2 are tentatively slated to break ground once Phase 1 is complete. PalaSeek is hoping to have the units finished and possibly leased by November 2024.
Hillary Lopez, a representative from Praxis Consulting, explained who qualifies and what residents would pay to live in their affordable housing. She used one of their planned senior living units as an example.
If PalaSeek were currently built and operating in the 2021 housing market, a resident aged 55 or older living in one of PalaSeek’s one-bedroom apartments would make a target income of $29,625 annually and pay $444 in rent monthly. Rates would change gradually with market adjustments and to meet requirements from the U.S. Department of Housing and Urban Development.
“These are not get rich quick schemes. We’re in this for the long haul, and we’re going to be (Carson City’s) partner in this for the long haul,” said Michael Schneider, PalaSeek’s president and the financial overseer for the project. Schneider was a Nevada state senator 1997-2005.
Mayor Lori Bagwell and Supervisor Lisa Schuette both spoke to Carson City’s need for affordable housing.
Among their other agenda items, the board also approved a slew of grant submissions, including money that would possibly go toward the Riverview Trailhead improvements and the city’s flood control projects.
Bagwell issued proclamations near the beginning of the meeting to recognize November as Quality-of-Life month and Nov. 14-20 as Flood Awareness week
