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Council questions resale terms of homes built by Operation Finally Home; staff to review agreement
Summary
Councilmembers raised questions about a development agreement that conveys city-owned lots to nonprofit Operation Finally Home and requires veterans to live in donated homes for five years before selling. Members asked staff to review whether proceeds must be returned to the city or reused to assist other veterans.
Irving City Council members on April 10 questioned whether veterans who receive homes built by nonprofit Operation Finally Home must return proceeds to the organization or the city if they sell after the five-year occupancy requirement in the current agreement.
Councilmember (Dennis) asked whether a veteran could “get the house for free” and then sell the property after five years, keeping proceeds. City staff and other councilmembers said the city’s direct financial contribution to the program is the land conveyance;…
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