Longmont plans 187 affordable units on land acquired in Costco deal

LONGMONT — Longmont housing officials have secured funding to buy a parcel of land on Harvest Moon Drive, which will be combined with an adjacent parcel acquired as part of the  public-private partnership that incentivized Costco Wholesale Corp. (Nasdaq: COST) to build a superstore in the city to form the site of a 187-unit affordable housing community. 

The city’s plan, set to be reviewed Tuesday by Longmont City Council, is to use $1.87 million to help buy 7.28 acres of vacant property owned by Diamond G Concrete Co. at 905 Harvest Moon Drive, according to a Longmont planning memo. That…