Property Sale & Development - 33 Ripley Street / E.D.

This solicitation from the City of Worcester offers the sale of a vacant 5,765‑sq‑ft parcel at 33 Ripley Street, requiring the purchaser to develop a single‑family detached home and sell it to an income‑eligible first‑time buyer. The property must be bought “as‑is,” with a 10 % bid security deposit, and the buyer must begin construction within 30 days of permit issuance and complete it within 30 months, or the title reverts to the city. The award went to Habitat for Humanity for $55,600, meeting the minimum bid of $55,100. Key points include: • Minimum bid $55,100; winning bid $55,600. • Development must result in an owner‑occupied, affordable single‑family home for 30 years. • Bid security of 10 % of proposed price, refundable at closing. • Construction timeline: start within 30 days of permit, complete within 30 months, else reversion.