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CRA approves disposal proposal for Congress Street property from Southwest Florida Housing Foundation
Summary
During a public hearing the CRA acknowledged one proposal for the Congress Street property from the Southwest Florida Housing Foundation offering just under $500,000 and committing to keep units affordable and assist tenants with vouchers; the board approved the proposal by voice vote after a motion and second.
Executive Director Hilton Terry opened a public hearing on the advertised disposal of a Congress Street property and summarized the single proposal received from the Southwest Florida Housing Foundation.
"This item is a public hearing for the disposal of advertisement, that ran for 30 days," Hilton Terry said. He told the board the foundation offered to make "an investment of just under a $500,000 and, promise to keep it affordable, to prevent the displacement of the lower income families," and to assist in obtaining vouchers for tenants.
The board called for public comment and invited a representative from the housing authority (identified in the record only as "Desi") to be present for the discussion. After brief discussion the motion to accept the proposal was made and seconded; the chair called for a voice vote and announced the motion passed.
The board did not detail a final purchase contract or timeline at the meeting; staff said the proposal summary was included on the agenda and that next steps would follow standard disposition and contracting procedures.
