521 Lake Street Workforce Housing Project TIF Agreement
Reno
Summary
Developers requested tax increment financing assistance for a 106-unit micro-unit housing project on Lake Street. The advisory board recommended 100% TIF reimbursement through 2035 to bridge a funding gap and help meet city housing goals.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 14, 2026.
Impact analysis
The project involves an estimated $18 million in hard construction costs and will redirect projected tax increments through 2035.
Future workforce residents seeking attainable downtown housing and the developer will benefit from financial participation.
General fund revenues are deferred during the TIF participation period.
Mentions & discussions (3)
Redevelopment Agency Advisory Board Regular Meeting - Sep 14, 2026
Coldwater Capital is requesting up to $3.1 million in tax increment financing to help build a 107-unit workforce housing project in downtown Reno. The board recommended approval, emphasizing the critical need for affordable rental units despite concerns over design and public investment ratios.
Reno City Council Meeting - Aug 26, 2026
The city advanced affordable housing initiatives by transferring its private activity bond volume cap to the state and conveying a parcel to the Reno Housing Authority for a nominal fee to support Stead Manor rehabilitation.
Redevelopment Agency Advisory Board Meeting - Apr 6, 2026
Developers requested tax increment financing assistance for a 106-unit micro-unit housing project on Lake Street. The advisory board recommended 100% TIF reimbursement through 2035 to bridge a funding gap and help meet city housing goals.
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