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Council approves $500 quitclaim sale of Southside Union Street lot to Old Hill Infill LLC for one affordable home
Summary
The Springfield City Council voted on Jan. 6 to authorize a quitclaim deed transferring a vacant lot on Southside Union Street to Old Hill Infill LLC for $500 to create one affordable home restricted to households at or below 100% AMI for a period the city identified as 15 years.
The Springfield City Council on Jan. 6, 2025 approved an order authorizing the mayor to execute a quitclaim deed selling a vacant lot on Southside Union Street to Old Hill Infill LLC for $500. City staff said the parcel will be developed as a single home designated for affordable homeownership to a household with income at or below 100% of area median income (AMI), and that the development is funded by a state Neighborhood Stabilization Program grant.
Housing Department staff described the transaction as the outcome of a request-for-proposals process in which Old Hill Infill LLC was the sole bidder at $500. Staff said the project will include an affordability restriction for a period the presenter identified as 15 years. On resale, staff said the details "still need to be worked out" and indicated the city expects either a repayment of grant funds or a requirement that the house be sold to another household at or below 100% AMI.
Councilor Santanella asked about how the $500 price was determined and the timeframe and conditions tied to the sale; staff replied that the $500 reflected the only bid received through the RFP and reiterated the Neighborhood Stabilization Program funding and the affordability restriction.
The clerk called the roll on the order; councilors voted "yes" and the order was approved. Councilors discussed expanding notice of future RFPs beyond the state registry and the principal local newspaper; staff said procurement posts are listed on the city's procurement site and can be linked from the council's web pages to increase visibility.
No additional conditions or timelines for construction were adopted at the meeting; development and enforcement of the affordability restriction will be handled by the Housing Department and grant requirements.
