The Colony B Apartments is a proposed 140-unit multifamily development providing 106 affordable housing units (75.7% of total) restricted to tenants with household incomes not exceeding 50% of the area median income, featuring a mix of micro and one-bedroom units in a five-story building. It targets single-person households, including young professionals, physically handicapped persons, maturing foster children, and homeless or near-homeless individuals, offering supportive services like housing placement, case management, and emergency response through Volunteers of America at no cost. The property is unique for its micro-unit concept, which trades individual space for larger common areas, high ceilings, and large windows to create a sense of space, appealing to those seeking affordability in a desirable location with high occupancy rates.