Council member Hotchkiss clarifies Charlotte Street vacant lot deed restrictions

City Council members in Binghamton are pushing to amend an ordinance that could unlock the development of affordable housing on Charlotte Street. During a recent work session, Council member Hotchkiss raised concerns about a deed restriction that has stalled the sale of four vacant lots intended for this purpose.

Last year, the council approved the sale of these lots to developer Charles Ackerman, with specific deed restrictions to ensure the properties would only be used for affordable housing. However, a clause preventing Ackerman from selling the property for 30 years has become a significant hurdle. Hotchkiss emphasized the need for a change, stating, "We need to resolve it," as the current restriction is blocking necessary progress on the housing project.

The proposed amendment aims to grant the city the first right of refusal if Ackerman decides to sell the property in the future. This would allow the city to purchase the lots before they are offered to other buyers, ensuring continued control over the development's direction.

Hotchkiss expressed frustration over how the restrictive clause was added to the contract, questioning its origins and calling for clarity from the city’s legal counsel. The council is now focused on rectifying this issue to facilitate the much-needed affordable housing initiative in the community.

As discussions continue, the council's next steps will be crucial in determining the future of this project and its potential impact on Binghamton's housing landscape.