Submitted by: At the Request of the City Administrator
Submitting Department: Community & Economic Development
Agenda Section: Discussion
Item Title:
title
Hamilton Manor Acquisition & Preservation -
National Housing Trust Communities & Washington Housing Conservancy
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Suggested Action:
recommendation
Discussion Only
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Summary Background:
Through the Prince George’s County Right of First Refusal (ROFR) Program, National Housing Trust Communities and Washington Housing Conservancy have entered into an agreement for the acquisition of Hamilton Manor Apartments, a 245-unit multi-family property located at 3342 Lancer Drive, Hyattsville.
Next Steps:
A Resolution expressing the City Council’s position with respect to NHTC’s property acquisition request is proposed an action item on the May 3 agenda.
Fiscal Impact:
N/A
City Administrator Comments:
For Discussion
Community Engagement:
N/A
Strategic Goals:
Goal 2 - Ensure the Long-Term Economic Viability of the City
Legal Review Required?
N/A