Committee authorizes 75‑year ground lease for Partners for Home quick‑delivery housing site; developer expects late‑May groundbreaking
The committee approved a long‑term ground lease with Partners for Home for a rapid housing project at 405 Cooper Street SW, amended to a 75‑year term to preserve long‑term affordability; a groundbreaking was expected by the end of May.
The full story
The Community Development & Human Services Committee on May 13 authorized a ground lease to Partners for Home for city‑owned land at 405 Cooper Street SW for development under the city’s rapid housing initiative and amended the lease term to 75 years to ensure long‑term affordability.
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