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Lancaster City committee moves donation of Beaver Street lot to SACA for affordable housing
Summary
A finance committee voted to forward a resolution donating a vacant Beaver Street lot to SACA Development for affordable housing. The conveyance includes deed restrictions: 15-year affordability term, sale to households at or below 80% of Lancaster County AMI or rental to households at or below 60% AMI. Public commenters urged alternative uses.
Lancaster City’s finance committee on May 5 voted to forward to full council a resolution that would donate a vacant lot on Beaver Street to SACA Development for creation of affordable housing.
The resolution would transfer ownership of the parcel to SACA with deed restrictions that, according to the resolution text read aloud in the meeting, require eventual sale to an occupier whose annual family income is at or below 80% of the Lancaster County area median income (AMI) at time of sale or rental to a tenant with family income at or below 60% of AMI. "That restriction's in place for 15 years," Mayor Saracchi said…
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