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

The City of Worcester is selling a 5,765‑sq‑ft surplus parcel at 33 Ripley Street for a minimum bid of $55,100. Habitat for Humanity was the winning bidder with a $55,600 offer. The sale is “as‑is” and the buyer must develop a single‑family detached home that is owner‑occupied for at least 30 years and remains affordable (≤ 80 % AMI) for a 30‑year period. The contract includes a 10 % bid‑security deposit, a 30‑month construction window after conveyance, and a reversion clause if the project is not completed on time. The buyer assumes all environmental, permitting, and construction costs and must indemnify the city for any land‑condition liabilities. • Minimum purchase price: $55,100 (winning bid $55,600). • Development requirement: single‑family detached, owner‑occupied ≥ 30 years, affordable‑housing covenants for 30 years. • Timeline: bid deadline Jan 24 2024; 30‑month construction window; 10 % bid security; title conveyance within 30 days of building‑permit issuance.