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5.0 HRSR 12-01-2008
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5.0 HRSR 12-01-2008
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12/8/2008 4:12:24 PM
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City Government
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HRSR
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12/1/2008
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^ No known foreclosures on rental properties. <br />^ I I foreclosed homes in core downtown all likely under $ 180,000. <br />^ Staff has had some experience working with CDBG funding. <br />^ Additional staffing has not been identified as a need at this point. <br />Princeton (55371) <br />Zimmerman (55398) <br />^ 149 total foreclosures through September 16, 2008. <br />^ Approximately 40 homes in older neighborhood (Approx. 10 blocks), where most <br />homes are under $ 180,000. <br />^ Increasing numbers in new SF Townhomes - Southside Villas development where 40 <br />homes out of 150 in foreclosure. All properties under $ 150,000. <br />^ S.W. Wold - Huntington development 12 out of 100 homes in foreclosure all priced <br />around $ 130,000. <br />^ Maturando Woods - 7 of 20 homes in foreclosure, 6 are half built with 25% or more <br />price reductions (from $400,000 selling now at $235,000). Homes in various stages all <br />framed, and shingled, 3 dry wall, none completely sided. <br />^ Meadows North - 7 of 30 homes in foreclosure. Priced around $220,000. <br />^ The Meadows - 15 of 200 units in foreclosure. Priced at $ 160,000. <br />^ Mayfield I st edition - 40 + homes in foreclosure. Mixed income development with <br />home prices around $220,000, and a handful under $ 180,000. <br />
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