The commission acquires and sells properties in order to implement the adopted Redevelopment Plans for these areas. What District Am I In? The City of Greensboro owns more than vacant lots and approximately 45 acres of land that could be used to support development of residential or commercial projects.
Prospective buyers and developers may work closely with City staff to learn about and complete the acquisition process, identify suitable sites, determine if the proposed use aligns with adopted Redevelopment Plansand engage stakeholders through appropriate activities. These properties may include vacant lots, lots with condemned houses, commercial lots with or without buildings, remnants that are not buildable but can be sold to an ading neighbor, and on the rare occasions light industrial property.
What are the opportunities? The partnership undertakes development activities related to enhancing the quantity and quality of low and moderate income housing in redevelopment areas through agreements with the Redevelopment Commission and the Greensboro Housing Authority. Sale of commission-owned property is subject to final approval by City Council.
Bids are advertised for 10 business days prior to City Council consideration of the sale.
View Full Site. Jump to sub Properties for Sale - Lots of Opportunity. Engineering and Inspections' Properties The Property Management Section of this department acquires properties after county foreclosure for non-payment of taxes or assessments.
Purchasing properties from either of these entities also works differently than a traditional real estate transaction. When looking for opportunities to develop or build using publicly owned property, look no further than these three departments, Engineering and InspectionsNeighborhood Development and Planning.
Sale of City-owned properties acquired through Neighborhood Development works differently than a traditional real estate transaction and may be subject to state or federal regulations, as well as final approval by City Council. Properties are sold through an upset bid process based on a third-party appraised value. Neighborhood Development Properties These properties include those acquired through foreclosure and federal programs.
RCG oversees activities in eight active redevelopment areas.