ASHTABULA TOWNSHIP – The Ashtabula County Land Bank is looking for a real-estate agent or broker to help with the marketing, listing and selling of the homes that will be built on the former Lincoln School property in Ashtabula Township.
An RFQ (Request for Proposals) has been prepared and can be found on the Land Bank website at https://www.ashtabulacountylandbank.com/
“The Ashtabula County Land Reutilization Corporation (Land Bank) is requesting qualifications from experienced, licensed real-estate brokers and/or real-estate brokerage firms to provide listing, marketing, buyer outreach, and sales support services for a new residential housing development located at the site of the former Lincoln Elementary School in Ashtabula Township, Ohio,” the RFQ states.
Jordan Torrance, executive director of the Land Bank, said the organization is looking for “a real-estate partner who knows Ashtabula County, understands our community, and is committed to helping buyers navigate this opportunity.”
He said that the right agent won’t just sell homes.
“They’ll help connect qualified families with a new place to call home,” he commented.
The Land Bank is undertaking the development in partnership with the project developer, Marous Development Group. The project, which is intended to create new residential housing opportunities within Ashtabula County, will create 34 residential units on approximately 8.8 acres of property.
“The Land Bank anticipates engaging one or more qualified real estate professionals to assist with the successful marketing and sale of completed homes constructed as part of the development,” the RFQ states.
According to the Land Bank, the selected broker will work closely with the Land Bank to market the homes, generate qualified buyer interest, coordinate showings, assist prospective purchasers through the sales process, and facilitate successful closings in accordance with the requirements applicable to the project.
The Land Bank noted that the project is expected to be completed in phases. These are subject to project funding, construction schedules, approvals, and applicable grant requirements, according to the organization.
“The selected real-estate broker or brokerage firm shall provide professional listing and marketing services for residential units constructed as part of Phase 1 of the development,” the RFQ states. “Phase 1 will consist of the construction of nine total units, including one single family home, and eight townhomes, beginning the Fall of 2026.”
In 2023, the Land Bank, in partnership with the property owner and with funding from the Ohio Department of Development’s Building Demolition and Site Revitalization program, demolished the blighted structure of the former Lincoln Elementary School in Ashtabula Township.
The residential development project on the property is being supported through the Welcome Home Ohio – Rehabilitation/Construction (WHO-RC) Grant Program.
The Land Bank stated that it will be responsible for the sale of each residential unit to eligible buyers in accordance with applicable Welcome Home Ohio requirements, including buyer qualification, monitoring, reporting, project compliance, and sales to eligible purchasers.
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