The Reno Redevelopment Agency, which is made up of Reno City Council members, this week approved TIF funds for a planned 200-unit affordable housing project with over 400 parking spaces in the disused area of Commercial Row and Sutro Street.
The $74 million development proposal with hoped for completion by the end of 2027 is coming from the California-based developer Valeo.
Rents are being promised to average around 87% of Area Median Income but with one more parcel, in the Waste Management’s waste transfer station, reported to still be in negotiation to complete the deal…