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Council approves amended transfer to East Side Housing Collaborative to speed development of eight lots
Summary
The Neighborhoods Committee amended and approved legislation to transfer eight city lots to a new East Side Housing Collaborative LLC (LiftJax + Historic Eastside) and extended the development timeline from two to three years, with a two-year reversion window; committee voted 6-0.
The Neighborhoods Committee approved an amended ordinance on Sept. 2 to transfer eight city-owned lots to a newly formed East Side Housing Collaborative LLC, a joint effort of Historic Eastside CDC and LiftJax, with language clarifying the collaborative’s organizational status and extending the development timeline.
Philip Peterson, representing the council office, summarized the amendment: it clarifies that East Side Housing Collaborative LLC is not yet a nonprofit but intends to seek nonprofit status under the Internal Revenue Code; it waives section 122.423 as it relates to liens on properties owned by the collaborative; it changes the required timeline for development from two years to three years with a possible two-year extension; and it…
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