Professional Documents
Culture Documents
2006 Results:
2007 Results
2007 Goals:
Funding(Capital):
•Acquisition/rehabilitation $1,550,000
•Roof Repair $1,250,000
•Demolitions $450,000
•Total $3,250,000
Funding (Operating):
•Home Again Coordinator $72,767
•Real Estate Asset Manager $66,428
•Development Rehab Tech. $56,263
•Office Assistant $48,051
•Mowing/maintenance contract $56,491
•Total $300,000
Under the Home Again Initiative in Franklinton, the Land Redevelopment Office is
marketing buildable lots to the private sector developers. The properties are
packaged in a 4 lot minimun purchase at $500 each. Upon completion of EACH
single family house a subsidy of $25K will be paid to the developer by the
Housing Trust. We began marketing it on the City's home page April 5, 2007, and
our Land Bank site, to the BIA and their members, Board of Realtors and their
members as well as other organizations. In addition we have application
packages available at each Neighborhood Pride Center, Franklinton Area
Commission, Downtown offices, and at other locations.
The application packages contain a locational map of all of the properties; and
individual property data sheet with photo, directions, zoning info, site map;
instruction sheet; application form; and redevelopment guiding principles. These
can also be accessed on line. We have heard from several major developers
who are working on a proposal.
Mayor’s Tour
Scheduled to visit Franklinton Friday, June 15 from 10 am to 3:30 pm
Mt. Carmel
Scheduled to meet with Mt. Carmel leadership of Friday, May 11. They received
approval from their Board of Directors to create a non-profit for the purpose of
acquiring and rehabilitating properties in and around the hospital.