Yellow Springs board agrees to explore sale of 3 acres as part of affordable-housing concept, with conditions for soccer fields and outside funding

The Yellow Springs Board of Education voted to authorize an exploration of selling three acres of Morgan Fields to facilitate a competitive affordable-family rental application advanced by Home Inc., while insisting that the district not use operating funds and that any lost athletic capacity be replaced.

Home Inc. representative Emily Seibel told the board the group is seeking a path to apply for federal tax-credit financing and said the funding round is highly competitive. “If we are awarded, approximately we would receive approximately $15,000,000 in federal tax credits,” Seibel said, describing a concept for a roughly 50‑unit family rental project for low‑ and moderate‑income households. She said projects are scored by a state 'opportunity index' and that the group needs site control — often an agreement contingent on funding — rather than ownership before an application is due.

Seibel and her developer partners outlined a tight schedule: rezoning and…