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Commission revisits $2 million land bank MOU, splits focus between medical district and south-side sites
Summary
Commissioners returned a revised memorandum of understanding for a $2 million allocation to the Land Bank Authority intended to support housing. Discussion centered on directing $1 million toward the medical district and $1 million for properties near city-owned assets on the south side; staff said the MOU will be modified and brought back
The City of Albany Commission discussed a revised memorandum of understanding on June 3 that would allocate $2 million to the Land Bank Authority to support housing initiatives, with commissioners seeking to direct the funds toward the medical district and select south-side areas near city-owned properties.
City Attorney Michael Custer and city staff told the commission the new MOU reflected prior direction to use some funds in the…
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