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Arbor Homes presented plans for homes priced in the low $200,000s, with an average price of $256,000 after upgrades; 40% are expected to be first-time buyers. The development would include 40- and 50-foot lots, 1,000 new trees, turn lanes, homeowners associations, and an 80-foot buffer from existing homes on Rainbow.
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The committee received an update on a proposed residential development but did not record a vote or approval. The plan is aimed partly at first-time buyers and includes added landscaping and separation from existing homes. Staff also reviewed housing-related assistance programs, including approximately $500,000 per year in community development funding and grants for home rehabilitation and safety improvements.
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