The city Redevelopment Agency has decided to sell four lots to private developers for market-price housing rather than moderate-income housing as previously planned.
The land, on Caroline and Cattaraugus avenues, was originally intended for moderate-income families as part of the redevelopment plan for the area. But the agency changed its mind after neighbors protested that the proposed development of up to six moderate-income units on the four lots would crowd the neighborhood, create an imbalance in the types of households in the area and drive down property values.
The City Council, meeting Monday as the Redevelopment Agency, specifed that only one housing unit will be allowed on each lot.
Because money from the Redevelopment Agency's housing fund was used to buy the lots, proceeds from the sale will go back into the housing fund to pay for low- and moderate-income housing elsewhere in the city, according to a staff report.