The contract is for the purchase and development of affordable housing on surplus residential properties in Pinellas County. The properties are being made available as single-family residential development opportunities to enhance the community, create jobs, and provide new housing. The development of the property shall commence within twelve months from the closing date of the sale of the property. The contract includes terms and conditions, such as the purchase price, deposit, and closing date. The contract also includes provisions for due diligence, inspections, and the right to cancel. The contract is governed by the laws of the State of Florida. Key points include:
• The contract is for the purchase and development of affordable housing on surplus residential properties.
• The properties are being made available as single-family residential development opportunities.
• The development of the property shall commence within twelve months from the closing date of the sale of the property.
• The contract includes terms and conditions, such as the purchase price, deposit, and closing date.
• The contract also includes provisions for due diligence, inspections, and the right to cancel.