Bank Street Parking Lot to Housing

A city-owned parking lot on Bank Street is set to transform into a nine-storey affordable housing tower with up to ninety homes, marking a major leap in the city’s strategy to repurpose public land for housing. Valued at $3.3 million, the land will be transferred to a non-profit at minimal cost, with 30% of units offered below-market rates. Ground-floor commercial space will blend functionality with community needs, while years of advocacy by local officials and residents finally culminate in council approval. Still ahead: final designs, community feedback, and funding — but with a community bond initiative in the works, this project could become a blueprint for urban housing solutions nationwide. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/384cefa6fab8e3ce