City of Summit Common Council Meeting Agenda Packet May 19 2026
Summit To Transfer Parcel To Our House For Group Home
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Description
Summit plans to subdivide municipal land at 701 Springfield Avenue and transfer a newly created parcel to nonprofit Our House, Inc. for $1.00 to develop a four-bedroom group home supporting the City’s Affordable Housing Plan. The deed will include a reverter clause and an affordable housing restriction.
Contract Details
Contract Amount
$1.00 (nominal consideration)
Vendor
OUR HOUSE INC
Agency
City of Summit, NJ
Contract Type
FACILITIES
Document Date
May 18, 2026
Contract Term
Upon subdivision completion; subject to affordable housing deed restriction and reverter
Renewal Info
Deed will contain a reverter clause that remains effective until an affordable housing deed restriction is recorded; once recorded, the reverter becomes null and void and the deed restriction controls until expiration.
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