Having just had a rezoning request for income-restricted senior living apartments withdrawn, Commerce will field another rezoning request for 78 units of senior housing that may also be income-restricted.
The Commerce Planning Commission will hear a request from Paladin, Inc. on Monday, April 28, at 7 p.m. in the Peach Room of the Commerce Civic Center.
Paladin wants to rezone 19.496 acres on State Street from R-3 to R-4 (multifamily housing) to place up to 78 units of apartments to be limited to residents 55 and over.
In 2010, Paladin indicated it planned to seek state tax credits for offering below-market rent rates, which is how JES Holdings hoped to finance its Oxford project (see separate story). It is not yet clear whether Paladin’s current plan also involves the tax credits.
For the full story on the planning commission's agenda, see the April 23 issue of The Commerce News.
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