Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Blight Rehab topic
No spam. Unsubscribe anytime.
Land Bank reports progress on Blight Elimination Grant rehabs, staff says $600,000 more incoming
Summary
Staff reported progress across multiple Blight Elimination Grant rehab batches, said a new Master Deed is being prepared, two NCST offers were declined due to cash-flow concerns, and staff noted an additional $600,000 is expected for rehabilitation.
Board members heard a multi-part update on Blight Elimination Grant projects and property acquisitions. Staff reported work at multiple sites: Glendale (developer hopes to obtain permits and start this month), Willowstone (road installed), and Dusendang (preliminary approval to begin a spec house). David Bowen told the board he is working on a new Master Deed after the prior deed "timed out." Staff also said two properties offered through the National Community Stabilization Trust were turned down due to cash-flow concerns and that NCST requested copies of the Land Bank’s by-laws and articles of incorporation.
Staff reported that the time from foreclosure to issuing clean title has been reduced from 15 years to 10 years. The minutes state the board will receive an additional $600,000 from the grant to be used for rehabilitation; details are still being worked out. The report included specific addresses in Blight Elimination Round 3 and Round 4 and noted contractors under contract for Round 4 work.
