Important Congregational Meeting

The Leadership Team is calling a Congregational Meeting to authorize the Leadership Team to enter into and implement a long term ground lease with Community Housing Development Corp. (CHDC) The ground lease will allow CHDC to build and lease approximately 159 affordable housing units. In exchange, CHDC will fund the site redevelopment and a number of important improvements to the church building. At this meeting we expect to discuss and ask for authority for the Leadership Team to enter into appropriate agreements to develop and manage a parking facility that will be underneath the new affordable housing complex and part of the current parking lot along with an aboveground parking area.