OTSH purchased the property at 963 Pope St. by employing a Charitable Sale strategy, which includes significant reductions in capital gains and income tax. The seller obtained a higher net value than that of a market-rate sell, enabling OTSH to purchase the property at a deep discount.
New income-qualified tenant moving in mid-December
We’ve rented the existing home to an income-qualified tenant who will move in mid-December. We’re now meeting with architects to design four more units on the property.
With the existing house on this large lot, we will, in effect, be creating a “workforce village”.
According to Erica Roetman Sklar, Project Manager, “This is the kind of in-fill project that can fit nicely into a neighborhood and still provide much-needed housing for a diverse group of local residents.”