Council rezones three parcels for an 80-unit affordable senior housing project pending state funding

What happened

The council rezoned three parcels at 4 and 40 West Margaret Avenue and 2929 Arleth Street — part of a roughly 3.1-acre, six-parcel site currently zoned R1 and C2 — to R3 multifamily, clearing the way for developer TWG Development to build Margaret Senior, an 80-unit apartment building for residents 55 and older with 153 on-site parking spaces. 1:24:53

The project depends on TWG winning a competitive state tax-credit funding award — the company applied in July and expects a decision in November — and TWG said it may come back to the council later this year asking for a property tax abatement to help meet a state-required 10% local matching contribution. 1:30:08

If the state funding comes through, TWG said construction would start in mid-2027 and the first residents would move in around the end of 2028. 1:29:12

The outcome

Special Ordinance 26-2026 passed on a voice vote. 1:32:04

Sources

• Rezoning three parcels for 80-unit Margaret Senior housing, 1:24:53
• State funding application and possible future tax abatement request, 1:30:08
• Construction and move-in timeline, 1:29:12
• Vote, 1:32:04

Also known as: Special Ordinance 26-2026 · Margaret Senior · TWG Development affordable housing · 440 West Margaret · 2929 Arliss Street · senior housing rezoning