Albemarle EDA releases Habitat for Humanity of Greater Charlottesville from Southwood deed
The Albemarle Economic Development Authority has adopted a resolution releasing Habitat for Humanity of Greater Charlottesville of its obligations related to a ground lease for the Southwood Mobile Home Park.
According to Albemarle’s property records, Habitat purchased the land and trailers at Southwood on March 1, 2007. Senior Assistant County Attorney Richard DeLoria said the Albemarle EDA took on the note for some of the debt in 2010.
“Long story short is that the EDA assumed a $6 million obligation that was secured by a deed that was presented to the EDA,” DeLoria said.
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