City sells property to nonprofit for home construction
Published: March 25,2013
Tags: acquisition, buy, charitable organization, charity, city government, community development, construction, home, house, land, municipal, municipality, nonprofit, property, purchase, real estate, residence, residential real estate, sale, sell
HORN LAKE — Horn Lake is planning to sell some city-owned property to Habitat for Humanity for seven homes to be built by the nonprofit agency.
The Commercial Appeal reports that aldermen voted last week to declare seven lots as surplus. Three appraisals will determine their fair market value — and thus the sale price.
City officials say the deal brings in unexpected money, eliminates maintenance costs and will eventually bring in new residents and taxpayers.
City administrator Andrea Freeze says she’s impressed by the program. She says she hadn’t realized how strict they are in qualifying buyers and requiring them to pay.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Barbour to lead Butler Snow economic development firm
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- Kemper plant employee gag order continued
- Delta State conference brings renowned speakers
- (UPDATE) Judge rules on Google request on attorney general inquiry
- The leadership styles of President Obama
- Ex-prison boss and businessman admit to bribery scheme
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- Analysis: Lawmakers squabble over election-year tax cuts