Prospective homebuyers are invited to attend the free City Living Tour open houses 6 to 8 p.m. today, October 9 and noon to 6 p.m. Oct. 10 and 11.
The free scattered-site tour features homes being renovated by local builders who are participating in the Neighborhood Stabilization Program, a federally funded initiative to restore homes and revitalize neighborhoods hit hardest by the economic downturn.
The locations and the builders are:
· 2319 John St., Ideal Builders
· 2302 Florida Dr., Gerber Building
· 1903 Kensington Blvd., Gerber Building
· 2412 Gay St., Lancia Homes
· 1137 Rivermet Ave., Belay Builders
· 2429 Smith St., Miracle Contracting
· 4502 Winston Dr., Gerber Building
· 533 E. Creighton Ave., Miracle Builders
A map of the homes’ locations is available at http://www.cityoffortwayne.org/images/stories/community_development/hns/files/city_living_homes.pdf.
The houses are all for sale for between approximately $75,000 to $100,000 to qualified moderate- and middle-income buyers. Homebuyers in the program must meet income guidelines. For a family of four, that would be up to $73,000 annually. More information about program guidelines and restrictions is available at www.nspfortwayne.org or at the properties during the tour.
Focusing on vacant, foreclosed properties in selected locations, the $7 million for the local program blends the financial resources of the City of Fort Wayne with the talents of private-sector housing professionals - builders, developers, architects, designers, realtors, appraisers and lenders. The houses are then renovated for up to 150 percent of the completed appraised value. The buyers pay the appraised price.
The free scattered-site tour features homes being renovated by local builders who are participating in the Neighborhood Stabilization Program, a federally funded initiative to restore homes and revitalize neighborhoods hit hardest by the economic downturn.
The locations and the builders are:
· 2319 John St., Ideal Builders
· 2302 Florida Dr., Gerber Building
· 1903 Kensington Blvd., Gerber Building
· 2412 Gay St., Lancia Homes
· 1137 Rivermet Ave., Belay Builders
· 2429 Smith St., Miracle Contracting
· 4502 Winston Dr., Gerber Building
· 533 E. Creighton Ave., Miracle Builders
A map of the homes’ locations is available at http://www.cityoffortwayne.org/images/stories/community_development/hns/files/city_living_homes.pdf.
The houses are all for sale for between approximately $75,000 to $100,000 to qualified moderate- and middle-income buyers. Homebuyers in the program must meet income guidelines. For a family of four, that would be up to $73,000 annually. More information about program guidelines and restrictions is available at www.nspfortwayne.org or at the properties during the tour.
Focusing on vacant, foreclosed properties in selected locations, the $7 million for the local program blends the financial resources of the City of Fort Wayne with the talents of private-sector housing professionals - builders, developers, architects, designers, realtors, appraisers and lenders. The houses are then renovated for up to 150 percent of the completed appraised value. The buyers pay the appraised price.
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