Neighborhood Stabilization Program Renovated Home

A once-foreclosed and vacant home now completely renovated marks progress in Dayton's neighborhood revitalization initiatives, as one of the many properties returned to productive use through Neighborhood Stabilization Programs. A ribbon-cutting and open house was held on October 12, to celebrate the home's transformation. The four-bedroom, two-bath, brick Cape Cod, at 2438 Catalpa Drive in Dayton's Hillcrest neighborhood, has energy efficient windows, a wood burning fireplace, beautifully finished hardwood floors, and completely remodeled kitchen and baths, along with new energy-efficient mechanical systems and appliances. The home was foreclosed on by Vanderbilt Mortgage in May 2010 and acquired by CityWide Development Corporation, the City of Dayton's development partner, in May of 2011. The home was purchased using Neighborhood Stabilization Program (NSP) funds awarded to the City of Dayton through the American Recovery and Reinvestment Act. CityWide oversaw the home's renovation, which utilized architecture and construction services based in Dayton. In 2008 and 2009, the City of Dayton sought and was awarded more than $25 million in federal Neighborhood Stabilization funds, to be used for property acquisition, rehabilitation and demolition, as well as construction of new housing in targeted areas. The Catalpa Drive property is currently available for sale for $70,000. For more information, contact Erica Hubler at 937-853-2545, or go to www.liveindayton.org.

Category:

News & Politics

Tags:

• Dayton Ohio
• City of Dayton
• Dayton
• Vanderbilt Mortgage
• NSP
• CityWide
• Catalpa Drive
• Erica Hubler
• liveindayton.org