City invests in phase II of Ferncliff Village

The first phase of Ferncliff Village development. (Brad Camp/Special to the Kitsap Sun)
The first phase of Ferncliff Village development. (Brad Camp/Special to the Kitsap Sun)

City Council agreed Tuesday to provide $150,000 for phase II of the Ferncliff Village, an affordable housing development by Housing Resources Bainbridge on the island.

Phase II will include 16 two and three bedroom townhomes, a playground and trails. Each townhome will cost about $200,000, according to the developmentā€™s website.

Housing Resources Bainbridge started the first phase of the development in 2011 and sold all of the homes by the fall of 2013.

The city will contribute $75,000 a year for two years after Housing Resources Bainbridge has a construction loan agreement.

Payments from the city will be reimbursements, and Housing Resources Bainbridge must submit receipts.