Title
Update on the Purchase, Sale, and Development Agreement for Mixed-Income Workforce Housing on the A-8-A Parcel
Body
This agenda item is to introduce the proposed A-8-A Purchase, Sale and Development Agreement with Servitas prior to requesting Council take formal action. Los Alamos County is dedicated to the effective redevelopment of County-owned land. This is a crucial step towards downtown revitalization and boosting economic vitality. County staff's role is to facilitate site development by identifying and partnering with experienced, financially capable developers, ensuring timely project progress, and overseeing alignment with our Comprehensive Plan, Affordable Housing Plan, and County Council Strategic Leadership Plan priorities.
This development proposal includes a total of 380 units:
- 120 deed-restricted units for households earning between 60% and 100% AMI, with an average of 80% AMI (1-, 2-, and 3-bedroom).
- 260 market-rate units (1-, 2-, and 3-bedroom).
Project Origins
In July 2024, Los Alamos County issued a solicitation for the sale, purchase, and development of the County-owned parcel known as A-8-A. The County sought a dynamic mixed-density, mixed-income residential development that would incorporate higher residential densities of apartments or condominiums, in addition to low-maintenance, moderate-density homes like row homes or patio-style units.
The proposed density, in line with the Comprehensive Land Use Plan and Mixed-Use zoning district, was to be no less than 15 dwelling units per acre upon completion, with higher-density apartments or condos encouraged for a portion of the development. The County received three formal proposals, which staff thoroughly evaluated in early 2024. The proposal presented tonight was identified as the most responsive to the solicitation. County staff then presented these options to the County Council in a closed session, leading to negotiations with the selected development partner on the concepts an...
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