ARPA Housing Agreement with Land Bank Amended
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Description
The City Commission reviewed an amendment to the ARPA-funded Subrecipient Grant Agreement with the Clark County Land Reutilization Corporation, removing a conventional loan requirement for buyers and extending the construction timeline from two to three years. The change supports the construction and sale of eight new homes using ARPA funds.
Contract Details
Vendor
CLARK COUNTY LAND REUTILIZATION CORPORATION
Agency
Town of Springfield, OH
Contract Type
OTHER
Document Date
April 21, 2026
Contract Term
Construction timeline extended from two years to three years for ARPA-funded homes
Renewal Info
Amendment No. 1 extends the construction period from two years to three years and relaxes financing requirements by allowing FHA, VA, and other loan products.
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