Color Sky Homes townhomes (Adams CRA)
Proposed participation agreement for 10 for-sale townhomes priced $310,000 to $440,000 with about $290,000 in tax increment support (about $29,000 per unit) and a three-year owner-occupancy requirement. Council members questioned whether the subsidy is needed.
In review
- Type
- Development agreement
- Homes
- 10
- Applicant
- Color Sky Homes
- Location
- Vacant infill parcel near 30th Street, Adams Community Reinvestment Area
In brief
Color Sky Homes townhomes (Adams CRA) appears on one recorded agenda: the City Council meeting of June 16, 2026.
Follow the money and project delivery
Color Sky Homes townhomes (Adams CRA)
- Council action
No approval or denial linked in the records collected.
- Money in the record
grant: $290,000 — Proposed tax increment financing support for 10 townhomes (requested about $620,000) Record → · June 16, 2026
- Signed agreement and payments
Execution and project-level disbursements are not verified by this tracker. They require separate records; meeting approval alone does not establish either.
- Work and operating costs
Check the linked records for completion and recurring operating costs; this tracker does not verify them. Record →
Every hearing and vote
June 16, 2026 · City Council
Color Sky Homes participation and incentive agreement, Adams CRA (work session)
Discussed
Staff presented a proposal for 10 for-sale townhomes in three buildings on a narrow vacant parcel near 30th Street, priced $310,000 to $440,000, with a total investment over $4 million. The developer first sought about $620,000 in tax increment support; after staff estimated about $290,000 was available after set-asides, the developer said the project could proceed at $29,000 per unit. A three-year owner-occupancy requirement is proposed. Vice Chair Graf questioned whether subsidy is needed since comparable townhomes sold without it and the gap fell by more than half; Lundell welcomed for-sale housing but shared the concern. No action was taken.
- Units: 10 three-bedroom townhomes of about 1,048 to 1,500 square feet