Title
Sale of City-Owned Property for Affordable Housing
Action
Action:
A. Adopt a resolution approving the sale of the following city-owned properties to West Side CLT for $1 for the development of four affordable, for-sale housing units:
- 0.4 acres on 801 Ambassador Street (parcel identification number 071-121-21)
- 0.19 acres on Ambassador Street (parcel identification number 071-121-22)
- 0.21 acres on 2619 Columbus Circle (parcel identification number 067-041-38)
- 0.27 acres on 2632 Columbus Circle (parcel identification number 067-073-26)
B. Authorize the City Manager, or his designee, to negotiate and execute all documents necessary to complete the sale of these properties.
Body
Staff Resource(s):
Shawn Heath, Housing and Neighborhood Services
Warren Wooten, Housing and Neighborhood Services
Phil Reiger, General Services
Greg Crawford, General Services
Explanation
? The West Side CLT, a North Carolina non-profit corporation (WSCLT), also known as the West Side Community Land Trust, desires to obtain vacant city-owned property in the Camp Greene and Enderly Park communities for a purchase price of $1.00 to develop approximately four for-sale affordable housing units for low-to-moderate income households.
? The WSCLT is a 501(c)3 non-profit organization created by residents to empower the West Charlotte community to preserve and develop their neighborhoods to the benefit of low-income residents as well as the neighborhoods as a whole in the face of rapid reinvestment and subsequent displacement of long-time residents.
? After review of development proposals submitted by the WSCLT, it was determined that it is uniquely qualified to assist in meeting the city's affordable housing needs in these communities.
? Approval of this action will create approximately four newly constructed affordable homeownership opportunities near the Freedom Drive / Wilkinson Boulevard corridor, one of the city's Corridors of Opportunity.
Ambassador Street Parcels
? The ci...
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