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Commission debates $2 million land‑bank MOU to support medical‑district and South Side housing
Summary
Commissioners revisited a memorandum of understanding that would direct $2 million to the land bank for housing initiatives, discussing a split that would support the medical district and city‑adjacent properties on the South Side; staff said the funding would leverage additional developer activity and that the MOU language will be revised.
The City of Albany Commission on June 3 revisited a proposed memorandum of understanding (MOU) to direct $2 million to the land bank authority for housing initiatives, and commissioners debated how best to allocate that funding between the medical district and city‑adjacent South Side neighborhoods.
City Attorney Michael Custer presented the revised MOU and reminded the commission the $2 million allocation had been discussed in prior meetings. Commissioners discussed splitting the…
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