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Council authorizes option to purchase to aid proposed 16-unit affordable housing development
Summary
Council authorized an option-to-purchase agreement with Empower Me Living to allow the nonprofit to apply for development funding toward a proposed 16-unit affordable housing project at 5234 Hester Road; the option gives the group time to negotiate a development agreement with the city.
Oxford City Council approved a resolution authorizing the city manager to enter into an option to purchase agreement with Empower Me Living. The option would allow the nonprofit to apply for development financing to build 16 affordable housing units at 5234 Hester Road, some units intended for adults with…
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