Many residents voiced their concerns Tuesday over a housing development proposed for 90 acres of City of Shelton-owned property southwest of Brockdale Road and Island Lake Drive. This development is being touted as Workforce Housing and would include as many as 400 houses, a public mountain bike trail and a walking trail in two phases of construction.
The developer, Equity Plus, LLC, plans on constructing “factory built homes” targeted to residents making up to 80% of Area Median Income (AMI). These homes would be 2, 3 and 4 bedroom single family homes offered at below market rent. Equity Plus uses the Low-Income Housing Tax Credit program to fund these types of developments.
Equity Plus wants to purchase the 90 acres of forested land, which is owned by the City’s water fund, by paying $500.00 per unit annually until the property is fully paid off. This purchase agreement would include an appropriate interest rate. City staff estimates that would be $150,000 to $200,000 income a year until the property is paid off.
At a public hearing Tuesday night held via Zoom video conferencing, the majority of those who testified were against the project citing poor location, increased traffic, environmental concerns, and a strain on city resources. Here is the full presentation, public hearing and council discussion:
Some council members were apprehensive about the project but said they would like to continue the conversation. Another public hearing will be held on January 19th after which the City Council could make a decision on the sale of the of the property. MasonWebTV Powered by HCC will broadcast that meeting live.
If the City Council were approve the sale, the Shelton Workforce Housing development would need to go through the City’s extensive planning process which includes a SEPA (State Environmental Policy Act) review.