Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing Development topic
No spam. Unsubscribe anytime.
County approves sale of 222 Central Parkway for workforce housing development
Summary
The board authorized the Community Improvement Corporation to sell 222 Central Parkway to Alms and Depkey LLC for $12,130,000, with the developer planning a mix of roughly two-thirds workforce housing and the remainder market-rate units; sale is subject to a 60-day due diligence.
Hamilton County authorized the sale of 222 Central Parkway to Alms and Depkey LLC for $12,130,000, a transaction the administration said advances the county's policy priority on workforce and affordable housing.
Project and policy goals: Administration told the board the county intentionally prioritized workforce and affordable housing in disposition policy rather than accepting only highest-price bids. Staff said the planned development would be a mix of workforce and market-rate housing, with an approximate two-thirds share of units designated as workforce housing.
Terms and next steps: The sale is subject to a 60-day due-diligence period and was presented as revenue to help fund the county's central campus relocation project. Commissioners supported repurposing obsolete county properties for residential uses to meet community needs.
Votes: The motion to approve the sale passed on a roll call recorded in the meeting minutes.
