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Council approves amendment to housing agreement to transfer Red Hawk lots to community land trust

Springdale Town Council · December 12, 2024
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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. Mountain Country reported success working with Fannie Mae to finalize the necessary lending document, removing the previous barrier. The fifth amendment removes repayment language that had applied to two lots (lots 7 and 8), since Mountain Country already paid cash for those parcels, and otherwise keeps the fourth agreement’s provisions intact.

Council reviewed selection criteria for qualifying owners, including points for being employed in Springdale or Zion National Park. Staff and Mountain Country said they expect one house (214 Red Hawk Drive) to be ready for move-in in early January and the other (213) to be ready by around Feb. 1; four potential homeowner applicants are in mortgage qualification processes.

Councilmember Jack Burns moved to approve the fifth amended agreement and direct the mayor to sign; the motion carried by roll call.

Why it matters: The amendment revives a local affordable-homeownership pathway using a community land trust model, enabling qualified households to purchase constrained lots with nonprofit administration and lender support.

Next steps: Staff and Mountain Country Home Solutions will continue applicant screening, finalize occupant selection, coordinate outreach to local employers and the visitors bureau, and prepare closing and move-in logistics.