Council to discuss zero-interest loan of $34,000 for townhome project
A loan agreement with Apache Junction Villas LLC regarding a 52-unit low-income housing tax credit townhome project at the southeast corner of San Marcos Drive and Tepee Street is to be discussed May 14 and voted on May 15 by the city council.
Both the work session Monday and the meeting Tuesday begin at 7 p.m. and will be held in the council chambers, 300 E. Superstition Blvd. in Apache Junction.
The council authorized the city’s support in 2017 for a zero-interest loan to Adams Construction for the Apache Junction townhomes project, Larry Kirch, the city’s director of development services, wrote in a memo to the council.
