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After receiving the CFAH's lot return request, staff coordinated with HFH and determined that HFH <br />was interested in obtaining the Coalition's three lots in order to build affordable housing for very low <br />and low income households. Those three lots were then transferred to HFH with a January 2015 <br />deadline for building affordable houses on the three lots. <br />Recently, HFH informed the county that it wants a one year extension for building an affordable <br />housing unit on the Smith Plaza lot and wants to return the two Geoffrey subdivision lots to the county, <br />acknowledging that EDHAP may be able to use the lots (attachment #1). At the same time, EDHAP <br />informed the county that it is interested in the two Geoffrey subdivision lots for building affordable <br />housing units (see attachment #2). <br />Because EDHAP is interested in the two lots that were previously donated to HFH by the county, <br />staff's position is that HFH may convey the lots directly to EDHAP without the county taking <br />ownership of the properties. For that transfer to occur, however, the Board of County Commissioners <br />needs to authorize the transfer and needs to establish a new three year period for EDHAP to build <br />affordable housing on those lots. To that end, staff has drafted a resolution that authorizes the transfer <br />and establishes a new three year period to build affordable housing on those transferred lots (attachment <br /># 3). <br />In addition to its request to return the two Geoffrey subdivision lots, HFH has found a homebuyer for <br />the remaining Smith Plaza lot and has asked for a one year extension to build an affordable home on <br />that lot. Staff's position is that granting a one year extension to HFH to build an affordable housing unit <br />on the remaining Smith Plaza lot is acceptable. That extension request can be granted by the Board, and <br />the requested one year extension has been incorporated into the attached resolution. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners: <br />1) Approve the attached resolution authorizing HFH to transfer ownership of the referenced two <br />Geoffrey subdivision lots to EDHAP, with a condition that the properties' restrictive covenants <br />remain in place, except that EDHAP will have 3 years from the date of deed transfer to build <br />affordable housing units for very low or low income households on the two lots. <br />2) Grant a one year extension to HFH to build an affordable housing unit on the Smith Plaza lot by <br />December 31, 2015 pursuant to provisions recited in the attached resolution. <br />ATTACHMENT <br />1. Letter dated October 30, 2014, from HFH <br />2. Letter dated October 31, 2014, from EDHAP <br />3. Resolution <br />3 <br />189 <br />