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Council approves amendment to housing agreement to transfer Red Hawk lots to community land trust
Summary
The council approved the fifth amended Moderate Income Housing Development Agreement to transfer two Red Hawk subdivision lots to a community land trust managed by Mountain Country Home Solutions; earlier lender approval from Fannie Mae resolved a hold that had voided the prior agreement.
Springdale’s Town Council on Dec. 11 approved a fifth amended and restated Moderate Income Housing Development Agreement that restarts a planned transfer of two Red Hawk subdivision lots to a community land trust and clarifies lender documentation.
Tom Dancy and Charlene Wilde of Mountain Country Home Solutions explained that the earlier (fourth) agreement had been allowed to lapse pending finalization of lender instruments.…
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