Multi-Family Rental Housing Groundbreaking February 20, 2020
Coos Bay, like many other communities, is facing a shortage of workforce and low-income housing. One of the suggestions to incentivize the development of needed housing listed in the 2018 Coos County Housing Analysis and Action Plan was utilizing/providing publicly-owned property at a reduced or no cost to developers. The analysis concluded:
"Publicly owned land can be transferred to a non-profit organization to build housing upon thus removing the cost of land from the housing equation. This not only makes the house or apartment building that much more affordable to the end-user, it (also) generates new tax revenue for the city or county once the development is complete."
The City had a large developable lot in Empire at the northwest corner of South Wasson Street and Michigan Avenue which was suitable for a multi-family housing development. The Coos Bay Urban Renewal Agency (URA) with the help of the South Coast Development Council (SCDC) advertised for development proposals. Through the proposal process, Tahoe Pacific Capital, LLC (TPC) was chosen to build multi-family housing on the lot. The project will include nine (9), three-bedroom two-bath apartments.
The project has progressed from the design phase and the developer has secured the necessary land use approvals and building permits. Site development formally kicked off this week with a groundbreaking ceremony. Pictured below (right to left) is Mayor Benetti, developer Adam Rutherford, Councilor Rob Miles, and Urban Renewal Chair Stephanie Kilmer. The developer anticipates the project will be completed by the spring of next year.