Title
Transfer of City-Owned Property on Morris Field Drive
Action
Action:
A. Adopt a resolution approving the transfer of two parcels on Morris Field Drive (parcel identification numbers 117-111-22 and -65) consisting of 8.965 acres of vacant land to Habitat for Humanity of Charlotte for the development of for-sale, affordable housing units, and
B. Authorize the City Manager to negotiate and approve a contract with Habitat for Humanity of Charlotte for up to $1,200,000 in Community Development Block Grant funding for infrastructure improvements related to the development.
Body
Staff Resource(s):
Mike Davis, Engineering and Property Management
Tony Korolos, Engineering and Property Management
Pamela Wideman, Housing and Neighborhood Services
Explanation
* One of City Council's priorities is to build and preserve vibrant and diverse neighborhoods by expanding the supply of affordable housing through new construction and preservation of the existing housing stock.
* The transfer of the City property on Morris Field Drive for use as affordable housing, coupled with Community Development Block Grant (CDBG) funding of the necessary public infrastructure, furthers this goal by creating an affordable homeownership opportunity.
* The use of publicly owned land to achieve affordable homeownership for households earning 80 percent and below of the area median income is consistent with both the Housing Charlotte Framework and national best practices.
* This transaction is also consistent with the Council-adopted City-Owned Real Estate and Facilities Policy.
* This City-owned property consists of two vacant parcels that total 8.965-acres, and are currently zoned R-8 (single family residential) in Council District 3.
* An appraisal of the property in March 2017 established a fair market value of $205,300.
* Habitat for Humanity of Charlotte is a licensed general contractor and will act as both the subdivision developer and builder.
* This project consists of the dev...
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