Middletown Ohio


Find us on
 Google+ and Facebook

 

Home | Yearly News Archive | Advertisers | Blog | Contact Us
Friday, November 22, 2024
FORUM CITY SCHOOLS COMMUNITY
  New Posts New Posts RSS Feed - Wasting NSP Funds
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

Wasting NSP Funds
 Post Reply Post Reply
Author
  Topic Search Topic Search  Topic Options Topic Options
Nelson...Himself View Drop Down
MUSA Resident
MUSA Resident
Avatar

Joined: Sep 08 2010
Status: Offline
Points: 69 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Nelson...Himself Quote  Post ReplyReply Direct Link To This Post Topic: Wasting NSP Funds
    Posted: Oct 27 2010 at 11:28am
It's..sad..how..NSP..funds..are..being..wasted..needlessly..on..costly..purchase/rehab/resale..projects!
Back to Top
Nelson...Himself View Drop Down
MUSA Resident
MUSA Resident
Avatar

Joined: Sep 08 2010
Status: Offline
Points: 69 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Nelson...Himself Quote  Post ReplyReply Direct Link To This Post Posted: Oct 27 2010 at 11:43am
Middletonians..deserve..accessible..and..honest...local..government.
Back to Top
Nelson...Himself View Drop Down
MUSA Resident
MUSA Resident
Avatar

Joined: Sep 08 2010
Status: Offline
Points: 69 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Nelson...Himself Quote  Post ReplyReply Direct Link To This Post Posted: Oct 27 2010 at 11:54am
Transparent and cost-effective government is desperately needed in Middletown.
Back to Top
Pacman View Drop Down
Prominent MUSA Citizen
Prominent MUSA Citizen
Avatar

Joined: Jun 02 2007
Status: Offline
Points: 2612 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Pacman Quote  Post ReplyReply Direct Link To This Post Posted: Oct 27 2010 at 2:15pm
Originally posted by Nelson...Himself Nelson...Himself wrote:

Absent enormous Community Revitalization Department subsidies, please explain how lower-income households (<=50% AMI) can possibly secure private mortgage financing to purchase these homes costing as much as $177,000+?? ConfusedConfused  Instead, is the City planning on re-entering the residential mortgage financing business again like the ill-fated "FHA Dollar Homes" fiasco?? ConfusedConfused
 
Nelson, I have been under the weather lately so I have not been on here much.  My observation just from looking at what you have posted above is that the target market in not individuals or families making 50% of AMI with these home purchases and rehabs, but rather the other end of the scale at 100-120% of AMI.
Back to Top
Nelson...Himself View Drop Down
MUSA Resident
MUSA Resident
Avatar

Joined: Sep 08 2010
Status: Offline
Points: 69 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Nelson...Himself Quote  Post ReplyReply Direct Link To This Post Posted: Oct 28 2010 at 3:56am
My..question..is..how..$568,000+..of..NSP..funds..are..targeted..to..assist..four..low-income..purchasers!
 
Nine..low-income..purchase/rehab/resale..projects..were..noted..in..the..11/2009..NSP..grant..application!
 
Aren't..there..numerous..decently..located..vacant..foreclosed..home..projects..for..much..less..cost?
 
An..average..of..$142,000..per..low-income..project..is..another..example..of..waste..and..poor..planning!
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down



This page was generated in 0.125 seconds.
Copyright ©2024 MiddletownUSA.com    Privacy Statement  |   Terms of Use  |   Site by Xponex Media  |   Advertising Information