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| April 23, 2026 City Council Regular Meeting | |
| Title 29. Resolution Authorizing the Transfer of the Vacant Lot Located at 635 West 48th Street to the Chatham County/City of Savannah Land Bank Authority to Facilitate the Development and Sale of a New House by CHSA Development, Inc. to a Modest Income Home Buyer Located in Aldermanic District 5. (Housing Services Department) | |
| Strategic Priority GOAL 2: Invest in Equitable Community Development & Resiliency | |
| Description The Chatham County/City of Savannah Land Bank Authority requests that the City of Savannah transfer a vacant lot located at 635 West 48th Street to the Land Bank Authority so it can facilitate the development of a new house for sale to a modest income homebuyer. CHSA Development, Inc. has requested that the Land Bank Authority seek to obtain the lot from the City and, if successful, has agreed to purchase the lot from the Land Bank Authority for fair market value and to develop and sell a new house to a modest income homebuyer. The Land Bank Authority will return 90% of the lot sale proceeds to the City of Savannah and retain 10% to help offset its operating expenses. | |
| Recommendation Approval | |
| Contact Martin Fretty, Sr. Director, Housing Services Department | |
| Financial Impact $18,000 anticipated revenue which is 90% of expected sales price | |
| Review Comments | |
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Attachments Exhibit 1 - 635 W 48th Street Resolution.pdf Exhibit 2 - LBA Letter of Request for City Property Transfer for 635 E 48th St.pdf Exhibit 3 - Letter of Request for 635 48th St to CHSA.pdf |
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