Council approves covenants for Neighborhood Stabilization Program properties

The council approved item J on the consent agenda, accepting the Declaration of Covenants associated with the Neighborhood Stabilization Program (NSP) properties the city acquired following the foreclosure crisis. Kathy Rankin, Housing and Transportation Division Manager, explained the city had purchased 13 properties using federal funds as a subrecipient through Johnson County and the state; she said the purchase total was "a million nine hundred and sixty-five thousand dollars." Rankin told council eight homes are maintained as rentals, three were sold to low-income families, and two were in such poor condition they were demolished and rebuilt with partner organizations.