It has been 33 years since the developer filed the project's preliminary plans.
Council members Fazlul Kabir and Denise Mitchell hosted the Zoom town hall.
The council will be voting on the proposed budget for the 2021 fiscal year on May 26.
The project is set to be completed in August 2021.
The program provides $15,000 toward closing costs for city and university employees for new home purchases in College Park.