According to the memo from Mandy DeMayo, the inclusion of affordable units on-site through Scenario 5 will shake up previous models, directly enhancing the city's housing stock.
Scenario 5 not only aims to provide 96 affordable units on-site, but it also helps leverage about 1,223 additional off-site affordable units by participating in the Downtown Density Bonus Program.
The new approaches, particularly Scenario 6, focus on offering approximately 700 affordable units to families earning 60 to 80 percent of the area's median income, using a Public Facility Corporation model.
This redevelopment push for the former HealthSouth properties signals a renewed commitment from city officials towards affordable housing amidst earlier setbacks due to unappealing financial options.
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