#2571- Deed; QUIT CLAIM DEED 9 Happ and Taggart

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SUMMARY - Perley Park Target Area Status Report August 14, 1999 Goals for Target Area - 1.4 blocks including Chalfant, Bissell, Sorin Streets from Ede to Twyckenham 1.- Create 70% home ownership -- 2. Create an appearance of physical revitalization 3. Create a community standard for property upkeep above minimum code enforcement standards 4. Involve neighborhood residents in resolving problem property and other neighborhood issues Where are we at? Of the 217 properties in the area - 22 (10%) are still problems, either vacant homes (16) or need code and/or police attention (5). How has the NHS intervened? We have facilitated investment by others in 26 properties (12%). These include 1 I home owners assisted to buy homes, 12 home owner rehab loans, 3 other nonprofit renovated or new construction homes. We have directly invested in 28 properties (13 %). These include I I we have acquired/rehabilitated/sold, 5 new homes we have constructed/are in construction now, 5 lots purchased and given to Habitat for Humanity, and 7 other vacant lots we have purchased. How have the home ownership and vacant property rates changed since 1994? In 1994 there were 112 owner occupied properties (52%). Today there are estimated to be 146 owner occupied properties (67%) - this includes 6 properties we are currently working on or have on the market. In order to get to 70% home ownership, we would need to convert 6 more rental or vacant properties to owner occupied, not including those we are currently working on. It would also mean that no additional properties would be converted from owner occupied to rental properties in the area. ,in 1994 there were 24 vacant homes (1 I%) and today there are estimated to be 16 vacant homes (7%). There were 16 vacant lots not connected to homes (7%) and today there are 7 (3%). What additional development do we have "in the works" today? In the rest of 1999 we should complete 2 more acqusition/rehab projects; 2 demolitions, 2 new homes, and 1 special demolition. Of these, 3 new owner occupied homes and 2 demolitions would occur in the original target area. The others are projected for Campeau Street, adjacent to the original target area. In the I st half of 2000, we should complete I acquisition rental/rehab; 1 new home; and 1 acqusition rehab for a total of 2 more owner occupied homes. Five more owner occupied homes could be funded and developed in the next year with available funds.