The Morgantown Land Reuse and Preservation Agency is taking significant steps to attract developers to the area by creating a comprehensive prospectus for a block of properties designated for housing. During a recent meeting, agency members discussed the importance of presenting a clear and enticing overview of available land to potential investors.

Chris, a key contributor to the discussion, emphasized the need for a prospectus that not only highlights the properties' market value but also paints a broader picture of what Morgantown has to offer. This approach aims to inform developers about the community's needs and the types of housing that would be most beneficial, particularly affordable options.

Ricky, another agency member, outlined two types of prospectuses: one focused on real estate specifics like appraisals and utility information, and another that captures the overall vision for the area. The latter is seen as crucial for attracting interest, especially given the high demand for affordable housing in Morgantown.

The agency acknowledged that while they are eager to market the properties, they must first clarify their own goals and the community's needs. This includes gathering input from local stakeholders to ensure that any development aligns with the desires of residents. The prospectus will serve as a tool to communicate these needs to developers, potentially leading to projects that address workforce and senior housing demands.

As the agency prepares to move forward, they plan to collaborate with city staff to create a professional and appealing document. This prospectus is expected to open doors for various housing projects, allowing developers to propose solutions that meet the community's requirements. The agency is optimistic that by showcasing available land and articulating their vision, they can stimulate interest and investment in Morgantown's housing market.