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Rochester City Councilvoted unanimously to authorize the public financing support with limited discussion.
The approval came weeks after the DMC Corp. board approved using $2.2 million in DMC state infrastructure funds to support the $39.3 million project.
Known as the Bryk on Broadway Apartments, the planned six-story building will be constructed at the intersection of Civic Center Drive and North Broadway, across from the Kemps dairy facility.
Under the development assistance agreement approved Monday, all units in the complex will be rented below market rate.
The 30-year agreement calls for 54 apartments to be affordable to households earning $50,000, which is 50% of the area median income. Another 18 units will be available for people earning nearly $61,000, with the remaining 108 apartments dedicated to households earning $78,500 a year, which is 80% of the area median income.
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