Economic Development Project Update: 2403 W Fairview – Adare Manor DevelopmentMarch 28, 2018
One of CCDC’s Key Strategies is Economic Development – Cultivate commerce and grow resilient, diversified, and prosperous local economies.
A proposed housing development by Northwest Integrity Housing on City land which incorporates the City owned ground on the south side of Fairview between 24th and 25th Street. This development includes 134 units of mixed income housing, including market rate and affordable housing and retail space. It also includes a variety of sources of funds including state and local funds.
The development has been approved at Design Review and is moving forward with a below market rate ground lease from the City of Boise and funding from the City Department of Housing and Community Development. The Developer has been awarded a Type 2 Participation Agreement for approximately $480,000 of the roughly $940,000 in eligible public improvement costs (street improvements, streetscapes, undergrounding utilities). CCDC awarded up to $250,000 in additional funds for utilities in a Type 4 Agreement. Total anticipated assistance is $730,000. Please visit the Adare Manor Project Page for more details.
CCDC Real Estate Development Manager, Shellan Rodriguez, is overseeing this project.