Summary
A $500 Landbank sale would let a builder construct a single-family home to be sold at or below market rate to qualified buyers — new affordable homeownership stock in the 40203 area.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Aug 10, 2026.
Impact analysis
$500 sale price with private construction funding.
A future qualified homebuyer at or below market rate, plus the surrounding neighborhood.
The vacant lot stays vacant, and the neighborhood waits on a potential future attempt.
Mentions & discussions (2)
VAPStat Joint Meeting — August 10, 2026
New Directions Housing wanted a $500 landbank lot at 3225 Greenwood Avenue to build a new three-bedroom home selling around $180,000, funded philanthropically. The board balked over vacancy risk and the deal failed — leaving the lot vacant for now.
VAPStat Joint Meeting — July 27, 2026
A $500 Landbank sale would let a builder construct a single-family home to be sold at or below market rate to qualified buyers — new affordable homeownership stock in the 40203 area.
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