Mayor Bailey collaborates with EDA to address affordable housing rental concerns

Cottage Grove's Economic Development Authority (EDA) meeting on April 8, 2025, highlighted ongoing efforts to address affordable housing concerns in the community. A key discussion point involved the rising rental rates at a local housing complex, which had previously sparked resident dissatisfaction. EDA member Cabana noted that while the rate increases were within the allowable limit of 12%, they still outpaced the overall market, where rents were surging at double-digit rates. This situation has raised valid concerns among tenants, emphasizing the need for continued oversight and support for affordable housing initiatives.

Mayor Bailey, who also serves as the EDA president, has been actively engaging with stakeholders to address these issues, particularly regarding additional fees that tenants face, which are not covered by federal guidelines. The dialogue aims to ensure that while the city supports affordable housing development through Tax Increment Financing (TIF), it also considers the financial burden on residents.

Looking ahead, the EDA announced that there will be no regular meeting on May 13 due to a lack of action items, but a meeting is scheduled for June 10, where several important topics will be discussed. Additionally, the EDA is gearing up for a series of ribbon-cutting events, showcasing new developments in the area.

As the city continues to navigate the complexities of housing affordability, the discussions from this meeting underscore the importance of balancing development with the needs of current residents. The EDA remains committed to fostering a supportive environment for both developers and tenants, ensuring that Cottage Grove remains a viable place for all its residents.