Stone Ridge Commons
Description
The council granted a special exception letting the developer finish public infrastructure before recording the final plat.
Impact summary
Adds affordable rentals, connects Paramount and Platinum Drive, and defers city/county property tax in the district while the school district is reimbursed by the state.
At a glance
- Hearings
- 3
- Public comments
- 2
- Total mentions
- 3
Last vote · City Council
Last discussed Jul 6, 2026.
Meeting timeline (3)
City Council - Jul 6, 2026
The affordable housing project can record its final plat before infrastructure is finished, backed by about $2 million in financial assurance, so the land sale to Lloyd Companies and grant funding can proceed.
City Council - Apr 6, 2026
94-unit affordable rental development (mix of townhome-style Stafford and stacked-flat Maypenny buildings) seeking a $3.2 million affordable housing TIF with 10-year rent commitments at or below 80% AMI; construction could start June 2026 with completion in fall 2027.
City Council - Apr 1, 2026
A proposed TIF district to help fund a 94-unit affordable housing project, with about $3.2 million in TIF sought against $7.3 million in eligible costs and rents capped at 80% of area median income for ten years. Council action is scheduled for Monday, April 6.
Related issues (1)
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