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REAL ESTATE
Spartanburg City Council Approves Property Transfers for Affordable Single-Family Home Development
Spartanburg City Council recently approved transferring nine city-owned vacant properties to Oak and Ave Property Group, LLC, for the development of single-family homes. Intended as a measure to increase homeownership rates among the City’s low-to-moderate income residents, the homes will be sold to buyers at or below 80 percent of Spartanburg’s area median income ($60,150 for a family of four) under terms of the agreement.
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