By Nick Nunn staff writer
The Downtown Development Authority of Madison (DDA) announced Monday, June 30, in a press release that it will join with Habitat for Humanity of Morgan County, Inc., in a “cooperative relationship to bring affordable housing to Madison” by purchasing the lot at 1130 Whitehall Street, Madison, for the price of $24,000. The release states that the DDA and Habitat agreed on June 26 to invest funds in acquiring a 1.5-acre tract in the Canaan Historic Neighborhood for the purpose of creating affordable workforce housing, with Habitat receiving two “buildable development lots” on the property and DDA retaining the residual land in order to meet obligations related to greenspace. DDA Chair Shandon Land credits Madison Mayor Fred Perriman and Cindy England of Habitat for being able to negotiate the deal that finally allowed the DDA and Habitat to come to work together on a project.
Land described the sale of the property as a “win-win” for the parties involved. According to the press release, Habitat has also agreed to “entertain any buildable lots made available by [the] DDA,” and Monica Callahan, Madison Planning and Development Director, said that the opportunities for the development of lots may be made possible by the city’s pending 2014 Community Development Block Grant Application for Housing.