Lawrence Approves New Apartment Complex
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Lawrence Approves New Apartment Complex
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Lawrence city commissioners approved a major new apartment complex that will add 131 units to the northwest side, offering a mix of studio to three-bedroom layouts. Developers are seeking $37 million in city-backed bonds to exempt construction materials from sales tax — a move the city says won’t hurt revenue since big purchases often happen outside town anyway. While the project is mostly market-rate, developers voluntarily set aside 10% for affordable housing, capped at 99% of median income for families of four — though it still falls short of the city’s affordability standard. One commissioner opposed the deal, calling it insufficient for the city’s housing needs, but the majority voted yes. The city will gain property tax revenue once built, and developers are thrilled to expand into Lawrence — a move officials hope will help grow the city’s overall housing supply and improve affordability long-term.
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