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Archive for Monday, February 23, 2009

Douglas County in line for money for neighborhood stabilization

February 23, 2009

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Douglas County is one of 21 Kansas counties that could receive funds to be used to get repossessed homes moving through the real estate market.

The state of Kansas was awarded more than $20 million from the U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program for that purpose. The state has allotted $555,862 to Douglas County. The Kansas Department of Commerce and its Community Development Block Grant program will oversee the program.

The Rural Development Association of Northeast Kansas was assigned by the state to work with Douglas and other counties in administering the homes program.

County commissioners have to agree to accept the funds and establish financing mechanisms for purchase and redevelopment of foreclosed homes. During Monday’s county meeting, commissioners expressed interest but made no final decision.

More than 120 homes are owned by banks in Douglas County, most of them in the city of Lawrence, said Virginia Dienstbier, assigned by the state to be RDA grant administrator for Douglas and some other counties.

Comments

Chris Ogle 5 years, 10 months ago

Where is ol cut and paste when we need him? come on merrill, give us the addresses.

spankyandcranky 5 years, 10 months ago

Some advice for the consistently bitter:

Find something to do that makes you happy ... maybe reading the news isn't a the healthiest hobby choice. It seems to make a lot of people that comment on here very bitter. Grab a plateful of your favorite food and watch a comedy. Or sip some tea and read a book. Spend some time with a friend. Grow a plant ... anything!

Raider 5 years, 10 months ago

The 72 oz steak is in Amarillo, not Dalhart. Just an fyi.

There have been at least 3 foreclosures in my neighborhood in the past year. Two have already been purchased on the cheap by flippers. Both flippers are from JoCo. This can't be a good thing. These guys will continue to try and jack up the prices, and that's what got us into this mess to begin with.

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