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Developer seeks Trust Fund support to renovate city‑owned house for first‑time buyer sale
Summary
Go Venture Capital Group requested Trust funding to renovate a vacant city property at 26 Clarity Drive (to be sold to a first‑time homebuyer at 80% AMI). The developer expects construction in Q1 and sale price target of $300,000–$320,000 under the affordability restriction.
Go Venture Capital Group presented Sept. 30 to request Affordable Housing Trust Fund assistance for renovation of a city‑owned single‑family property at 26 Clarity Drive, to be sold to a first‑time buyer with an 80% AMI affordability restriction.
Hal Reeder, presenting for the developer, described the house as vacant and in disrepair — water damage, potential asbestos and mold…
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