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Sunday, Aug. 2, 2015

The final stages

Tuesday, December 14, 2010

(Photo)
City of Brazil Building Inspector Troy McQueen tests an electrical outlet during an inspection of the house at 722 N. Depot St., which was built as part of the Neighborhood Stabilization Program. Jason Jacobs Photo. [Order this photo]
* First set of NSP homes almost finished, buyers needed

The first set of Neighborhood Stabilization Program (NSP) homes are nearly complete.

"There were a total of eight homes in this round, seven of which were new construction while the other was a rehabilitation," City Planning Administrator Stacy Gibbens said.

Gibbens added final preparations are being made for the homes to be sold, which included inspections that took place Dec. 9-10.

"They are just about ready to go," she said. "However, we still have a few spots open for prospective homebuyers who qualify according to NSP guidelines."

Gibbens told The Brazil Times two of the homes will be donated to the Brazil Housing Authority as rental properties, while of the remaining six homes, only three families have qualified to make a purchase.

"More than 40 applications were sent out, but we only received about 12 of them back," Gibbens said. "Unfortunately, most of those did not qualify because they were unable to receive a mortgage for one reason or another."

According to the NSP Homebuyer Qualification guidelines, potential homebuyers must fall within county-specific income limits, receive at least pre-approval on a mortgage and attend a Housing and Urban Development Homeownership Counseling Course, which is a total of eight hours long and paid for through the NSP grant.

"The income limits are fairly reasonable," Gibbens said. "For example, an individual could make as much as $46,680, and a family of four could make $66,600 and be eligible, as long as they meet the other requirements as well."

In addition, potential homebuyers would not have to qualify for a mortgage to cover the entire sale price of the home, as subsidies are available.

If a home costs $100,000 to develop, but the maximum qualified loan amount a family could receive was $70,000, a subsidy of $30,000 would be available, with conditions connected.

"It is basically a soft second mortgage to help make the homes more affordable for lower income homebuyers," Gibbens told The Brazil Times. "No payments have to be made on the subsidy, and it is taken off the books if a family or individual maintains ownership of the home for at least 10 years."

However, if the owner sells the home within the 10 years, a prorated portion of the subsidy would have to be paid.

Gibbens added the homes are even more affordable as they are all Leadership in Energy & Environmental Design (LEED) certified by the United States Green Building Council, which is a higher rating for energy efficiency than an ENERGY STAR certification.

"So in addition to having an affordable purchase price with the subsidy, the LEED certification also makes it cheaper to maintain," she said.

Through the NSP grant, any monies made from the sale of the first set of homes will be "recycled" into the costs of building the second set of homes.

According to Gibbens, demolition work has been completed on four additional lots in the city in preparation to build five new homes.

"One of the locations is a double lot, which we intend to build two homes on," she said.

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.


Comments
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testing electricity with his finger? hmmmmmm

-- Posted by otis66 on Wed, Dec 15, 2010, at 8:26 AM

I think its a GFIC outlet in the kitchen and bath these days. They have a test and reset button. They are supposed to prevent electrocution accidents.

Troy is a good guy who gives his best.

As far as giving two houses to the Brazil housing authority I wonder if they will breed the same issues that surround West Central Village since they would be rentals. One can only hope for the best but it seems they are powerless to enforce standards in most cases. Its sad that the good people who use the resource are subjected to the actions of the people that abuse the resources.

If one was by my house (with that issue) it would lower my property value even more than the section 8 apartments nearby already have.

Negativeity aside, at least someone is trying to improve SOMETHING! I hate using tax dollars if its not infrastructure but there are places in this country getting more than their fair share of Indiana workers' money. Why not try to get some of it back here in Indiana? This is at least a way. Somebody got to make some income in this town so that is good. Another good point is that a few vacant properties have been removed. Removing run down houses is costly for the city.

I wish there was a way for the Fire Departments to just burn them for practice!

Could habitat for humanity get in on this? It could make the money go farther and habitat would accomplish its mission too. I'd swing a hammer in that case! I may just go ahead and do habitat anyway, hand up not a hand out! At any rate good job to all and I will bet that quality improves with the next round of experience. Merry Christmas to all!

-- Posted by wtfizdat on Wed, Dec 15, 2010, at 9:55 AM

My hat is off to Stacy and the rest of those involved in pulling this together. I agree about the siding and brick work...I thought it was my eyes. However this is the progress that our community needs. Keep up the GREAT work!!!

On the flip side of this subject, I would not want a section 8 house in my neighborhood. Make those people get a job and pay like the rest of us. I am all about giving these people a leg up but we are carrying them and in several cases two or three generations of them.

-- Posted by jddriver4960 on Wed, Dec 15, 2010, at 12:30 PM

Nice to see Troy took his shoes off as a safety precaution to avoid electrical shock while checkin the juice.

-- Posted by tobeyarcher on Wed, Dec 15, 2010, at 2:58 PM

I know it takes patience to read, but he's the City of Brazil Building Inspector.

-- Posted by Dagnabbit on Wed, Dec 15, 2010, at 9:25 PM


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