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Tuesday, July 29, 2014

First set of NSP homes nearing completion

Wednesday, October 6, 2010

(Photo)
Employees with Biddle Drainage and Excavating, Inc., Terre Haute, demolished the building located at 404 W. Hendrix St., Brazil, Wednesday, as part of the Neighborhood Stabilization Program. Jason Jacobs Photo. [Order this photo]
The first phase of the Neighborhood Stabilization Project is getting closer to completion.

Brazil Planning Administrator Stacy Gibbens told The Brazil Times construction on the first seven NSP homes are still on track to be completed by the end of the year, if not earlier.

"The homes are going up pretty quick, and some of them are even to the point of planning the style of flooring and wall paint," she said. "I imagine there will be a couple that will be done ahead of schedule."

On Wednesday, work on the second phase of the project was evident as Biddle Drainage and Excavating, Inc., Terre Haute, demolished the building at 404 W. Hendrix, in preparation of the next set of homes to go up.

"With the winter months coming, we're going to wait to request bids for construction on the next four homes until the Spring," Gibbens said. "But we are in the early stages of planning an open house for one of the homes in the first stage when they are completed."

However, there is a slight possibility funding may not be available to begin construction on any new homes.

"All of the NSP funds have been allocated," she said. "Once some of the homes in the first phase have been sold, we can recycle those funds back through for new construction."

Gibbens added there has been a lot of interest, but some of the applicants have not qualified for a mortgage.

"There have been a variety of reasons some applicants have been rejected, so we are still looking for more people to apply for the homes," she told The Brazil Times. "As part of the qualifications, the potential homebuyer has to fall within 120 percent of the Clay County Area Median Income."

According to NSP guidelines, those limits are as follows:

* One-person household -- $46,680,

* Two-person household -- $53,280,

* Three-person household -- $60,000,

* Four-person household -- $66,600, and

* Five-person household -- $71,880.

Gibbens said potential homebuyers must also agree to participate in a HUD approved Homeownership Counseling Course, which typically consists of eight one-hour sessions, which are paid for by the grant program of the counseling provider, as well as meet other terms.

For more information about the NSP homebuyer program, or to request an application packet, contact Kenna Consulting and Management Group, Inc., Vice President Angie Pappano at 317-781-1651 or apappano@kennaconsulting.us.

Residents may also contact Gibbens at 446-0050 or stacyg@brazil.in.gov to request information.

"These are nice homes that help our effort to beautify the city," Gibbens said.



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