Town of Davidson Board of Commissioners Meeting Agenda April 14 2026
Town considers $100K DPA for Habitat triplex
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Description
The Town of Davidson is considering providing up to $100,000 in down payment assistance to Habitat for Humanity of the Charlotte Region to support a three-unit affordable housing development on Shearer Street. The funds would be reallocated from the FY2026 Critical Home Repair budget and structured as 30-year forgivable loans to income-qualified buyers.
Contract Details
Contract Amount
$100,000 (up to $33,333 per unit)
Vendor
HABITAT FOR HUMANITY OF THE CHARLOTTE REGION
Agency
Town of Davidson, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 12, 2026
Contract Term
30-year forgivable loans to individual homebuyers
Renewal Date
2056-04-28
Renewal Info
One-time down payment assistance funding tied to specific Shearer Street triplex units; structured as 30-year forgivable loans to buyers rather than a renewable service contract.
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