Overview
- The board unanimously approved negotiations with Decro for 108 fully affordable apartments at the Instructional Media Center in Linda Vista, offering one- to three-bedroom units and an estimated $125,000 in first-year ground rent with 2.5% annual increases.
- Votes on the four remaining sites were postponed until January so trustees can question proposers in a workshop and conduct further vetting before any agreements are finalized.
- District staff previously recommended three developers—Affirmed, Decro and Bridge—for five sites totaling about 1,497 units, with projected ground-lease revenue of roughly $504 million over 99 years if deals proceed.
- The largest proposal is at the Eugene Brucker Education Center, where Affirmed’s concept envisions about 950 rent-restricted homes largely in studios and one-bedrooms for households earning roughly 30% to 100% of area median income.
- Consultants urged capacity interviews where competition was thin, and community groups have raised concerns over unit mix, building massing and neighborhood fit, with developers saying designs can be revised during negotiations.