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January 12, 2023 City Council Regular Meeting
Title
5. Appearance by and Recognition of the Galvan Foundation, Inc.’s Commitment to Improve Housing and Quality of Life in the Cuyler-Brownsville Neighborhood through the Development of 19 City-owned Properties for Mixed-income Affordable and Workforce Housing and the Donation of $1,000,000 to the Savannah Affordable Housing Fund for Use in Cuyler-Brownsville.
Strategic Priority
Neighborhood Revitalization
Description

The Galvan Foundation, Inc. (Galvan) is prepared to make a multi-year commitment to improve housing and quality of life in the Cuyler-Brownsville neighborhood. As part of its commitment, Galvan would like to acquire 19 vacant City-owned properties from the Chatham County/City of Savannah Land Bank Authority (LBA). If City Council approves the request to transfer these properties to the LBA for acquisition, Galvan plans to facilitate the investment of approximately $5,000,000 to develop mixed-income affordable and workforce housing on the properties beginning in early 2023. Additionally, Galvan will make a $1,000,000 donation to the Savannah Affordable Housing Fund (SAHF). This donation will not be used by Galvan but instead will be used in the Cuyler-Brownsville neighborhood to improve owner-occupied and rental housing, to renovate vacant and develop new housing, and to provide down payment assistance to first time home buyers through Housing Savannah. In 2022, Galvan donated $50,000 to the SAHF to support Housing Savannah initiatives.

Recommendation

Approval

Contact
Martin Fretty, Senior Director, Housing & Neighborhood Services
Financial Impact
Increase of $1,000,000 in the Savannah Affordable Housing Fund
Review Comments
Attachments

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