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Middletown CDA closes on renovated two‑family at 54 Washington; $10,000 buyer incentive applied
Summary
The Middletown Community Development Agency reported the completed rehab and sale of a two‑family at 54 Washington Street, noting a $550,000 post‑rehab appraisal, a CDA $10,000 second‑mortgage incentive with a 10‑year occupancy requirement, and use of CDBG funds for stabilization.
The Middletown Community Development Agency on Dec. 2 presented the completed rehabilitation and sale of a two‑family home at 54 Washington Street, describing extensive exterior and interior work and a homeownership incentive tied to long‑term occupancy.
In an executive director report, staff said the property was taken into the CDA’s program in poor condition and underwent a full rehab including new windows, siding, porch and roof, and new interior finishes. “This was 54 Washington Street, when we took it over and before…
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