It looks like we're cutting it close on our petition drive for the apartments on 35th Avenue and Southern. However, based on several recent trade articles, including this one, we will probably have several more opportunities in the near future.
If developers and contractors must stay in business, they must therefore keep looking for "low-hanging fruit." This means that they will find inexpensive land, inexpensive labor, and inexpensive financing for their projects (or else find an opportunity in a downtown market with very high barriers to entry). The most likely projects that will qualify for all of the above are apartments in markets with reasonable rental demand. Where the demand is lacking for high-end apartments, such as in bedroom communities, they will have to look for the next best thing: assured income from Section 8 rentals.
This again highlights my point that the developer is simply being opportunistic in trying to build multifamily. Once more, I challenge the belief that we must sacrifice our community's integrity to provide short-term income for one developer. It isn't fair to the neighbors who bought into another plan for their community.