521 Lake Street Workforce Housing Project
Reno
Description
A proposed 107-unit multifamily workforce housing development requesting up to $3.1 million in tax increment financing.
Impact summary
Would convert a long-vacant downtown lot into workforce housing near transit, raising the site's property tax contribution from about $3,700 to $270,000 annually.
Applicant
- Name
- Coldwater Capital LLC
- Address
- 521 Lake Street, Reno, NVSee this on the map
At a glance
- Hearings
- 3
- Public comments
- 3
- Total mentions
- 3
Last vote · City Council
Discussed at 2 meetings in the last 60 days; most recently Sep 23, 2026.
Meeting timeline (3)
Reno City Council Meeting - Sep 23, 2026
The Redevelopment Agency board considered tax increment financing for a 107-unit attainable workforce housing project with micro units averaging about 400 square feet and rents around $1,270 per month.
Redevelopment Agency Advisory Board Regular Meeting - Sep 14, 2026
A 107-unit multifamily workforce housing project offering small-format units with average rents around $1,270 per month, requesting up to $3.1 million in TIF assistance.
Redevelopment Agency Advisory Board Meeting - Apr 6, 2026
A 106-unit micro-unit workforce housing development requesting TIF participation to address project financing gaps.
Related issues (1)
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