The City of Greensboro owns more than 200 vacant lots and approximately 45 acres of land that could be used to support development of residential or commercial projects.
Prospective buyers and developers may work closely with City staff to learn about and complete the acquisition process, identify suitable sites, determine if the proposed use aligns with adopted Redevelopment Plans, and engage stakeholders through appropriate activities.
What are the opportunities?
- Land and location
- Redevelopment areas
- Use categories
- Other properties
What are the requirements?
- Redevelopment and other plans
- Federal, state and local regulations
- Funding sources, including those used for acquisition
- HOME Program
- Community Development Block Grant (CDBG)
How do you get information?
- Request for Proposals (RFP)
- Advertising/marketing and announcements
- Properties for Sale Web page
Engineering and Inspections' Properties
The Property Management Section of this department acquires properties after county foreclosure for non-payment of taxes or assessments. These properties may include vacant lots, lots with condemned houses, commercial lots with or without buildings, remnants that are not buildable but can be sold to an adjoining neighbor, and on the rare occasions light industrial property.
Properties are sold through an upset bid process based on a third-party appraised value. Bids are advertised for 10 business days prior to City Council consideration of the sale.
Neighborhood Development Properties
These properties include those acquired through foreclosure and federal programs. Sale of City-owned properties acquired through Neighborhood Development works differently than a traditional real estate transaction and may be subject to state or federal regulations, as well as final approval by City Council.
Planning Department Properties
This department manages acquisition and disposition of property that is acquired for implementation of adopted redevelopment plans on behalf of the Redevelopment Commission of Greensboro (RCG) and Greensboro Housing Development Partnership (GHDP). Purchasing properties from either of these entities also works differently than a traditional real estate transaction.
RCG oversees activities in eight active redevelopment areas. The commission acquires and sells properties in order to implement the adopted Redevelopment Plans for these areas. Sale of commission-owned property is subject to final approval by City Council. Review these steps involved in the sale process
GHDP, which meets every other fourth Monday, was formed in 1991 as a nonprofit joint endeavor of the City and Greensboro Housing Authority (GHA). The partnership undertakes development activities related to enhancing the quantity and quality of low and moderate income housing in redevelopment areas through agreements with the Redevelopment Commission and the Greensboro Housing Authority.