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Item No. 18 <br />memorandum <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: AFFORDABLE HOUSING PRESENTATION <br />DATE: January 6, 2016 <br />BACKGROUND: State Street Housing is proposing the construction of a new apartment <br />complex on the north side of east 82 near Reno city limit. The complex plans to use tax credits <br />to provide affordable housing. <br />STATUS OF ISSUE: Representatives of the company will be present to provide details of their <br />plans and proposal. Such projects must ultimately have the support of the local governing body <br />to receive the tax credits. <br />BUDGET: NA <br />RECOMMENDATION: Presentation only; resolution of support may be considered on January <br />25. <br />