Updates from the CCLIHC!

In November, the CUCC congregation voted in favor of advising the Community Church Low-Income Housing Corporation (CCLICH) to engage in a negotiation process for a proposal to buy the O’berry Street sixplex property that the corporation owns. The CCL IHC board met last week to determine a process for moving forward on this vote. The board met with Carter Worthy who has worked with the Joint Task Force to negotiate a deal with the developer who is interested in purchasing the property. At this meeting, the board voted to move forward to secure a lawyer to submit a proposal for sale of the property to the developer. While this is an exciting time full of potential, it should be noted that this developer is able to back out of this process at any time. Once a contract is signed, the board anticipates a 12 to 13 month process for the purchase agreement to go through. During this time, the board will be exploring ways to support current tenants as well as ways to spend the earnings from the sale so that affordable housing initiatives can be increased across our community. Again, it is important to keep in mind that the sale will not be final until the very end the contract period. The board will keep the congregation informed of this important work as it moves forward. If you have questions, please contact the CCL IHC board chair, Betsy Towler.