At last week’s Lincoln meeting at Turtle Creek Terrace concerning their Lincoln Katy Trail project a question was asked about affordable housing units. It was asked how many Toll Brothers was providing. Some didn’t think there were any affordable units in that project. I volunteered that there was a 10 percent affordable component.
I was wrong.
Toll Brothers is reserving three percent of their units as affordable (9 units) but they are also going to accept Section 8 vouchers (“over 12”) making for a combined 7-ish percent of units that will be available below market rates.
My mixup was from a proposed project by Alliance at Cole and Armstrong (Broadstone) that is offering a 10 percent affordable component (and who, along with Lincoln, will be presenting at tomorrow’s Oak Lawn Committee meeting at the Melrose Hotel at 6:30 p.m. … open to all).
I’m writing this to clarify (I don’t like being inaccurate), but also to propitiate a note from Angela Hunt correcting my 10 percent claim by noting the city told her the number was 3 percent affordable … though she did not account for the Section 8 component.
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