Middletown Forum : Wasting NSP Funds http://www.middletownusa.com/forum/ This is an XML content feed of; Middletown Forum : Community Revitalization : Wasting NSP Funds Mon, 05 Oct 2026 21:46:53 +0000 Thu, 28 Oct 2010 03:56:10 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 10.12 360 www.middletownusa.com/forum/RSS_post_feed.asp?TID=3415 Middletown Forum http://middletownusa.com/images/blog-logo.jpg http://www.middletownusa.com/forum/ Wasting NSP Funds : My..question..is..how..$568,00... http://www.middletownusa.com/forum/forum_posts.asp?TID=3415&PID=22739&title=wasting-nsp-funds#22739 Author: Nelson...Himself
Subject: 3415
Posted: Oct 28 2010 at 3:56am

My..question..is..how..$568,000+..of..NSP..funds..are..targeted..to..assist..four..low-income..purchasers!
 
Nine..low-income..purchase/rehab/resale..projects..were..noted..in..the..11/2009..NSP..grant..application!
 
Aren't..there..numerous..decently..located..vacant..foreclosed..home..projects..for..much..less..cost?
 
An..average..of..$142,000..per..low-income..project..is..another..example..of..waste..and..poor..planning!
]]> Thu, 28 Oct 2010 03:56:10 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=3415&PID=22739&title=wasting-nsp-funds#22739 Wasting NSP Funds : Nelson...Himself wrote:Absent... http://www.middletownusa.com/forum/forum_posts.asp?TID=3415&PID=22722&title=wasting-nsp-funds#22722 Author: Pacman
Subject: 3415
Posted: Oct 27 2010 at 2:15pm

Originally posted by Nelson...Himself Nelson...Himself wrote:

Absent enormous Community Revitalization Department subsidies, please explain how lower-income households (<=50% AMI) can possibly secure private mortgage financing to purchase these homes costing as much as $177,000+?? ConfusedConfused  Instead, is the City planning on re-entering the residential mortgage financing business again like the ill-fated "FHA Dollar Homes" fiasco?? ConfusedConfused
 
Nelson, I have been under the weather lately so I have not been on here much.  My observation just from looking at what you have posted above is that the target market in not individuals or families making 50% of AMI with these home purchases and rehabs, but rather the other end of the scale at 100-120% of AMI.
]]> Wed, 27 Oct 2010 14:15:47 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=3415&PID=22722&title=wasting-nsp-funds#22722 Wasting NSP Funds : Transparent and cost-effective... http://www.middletownusa.com/forum/forum_posts.asp?TID=3415&PID=22717&title=wasting-nsp-funds#22717 Author: Nelson...Himself
Subject: 3415
Posted: Oct 27 2010 at 11:54am

Transparent and cost-effective government is desperately needed in Middletown.]]> Wed, 27 Oct 2010 11:54:22 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=3415&PID=22717&title=wasting-nsp-funds#22717 Wasting NSP Funds : Middletonians..deserve... http://www.middletownusa.com/forum/forum_posts.asp?TID=3415&PID=22716&title=wasting-nsp-funds#22716 Author: Nelson...Himself
Subject: 3415
Posted: Oct 27 2010 at 11:43am

Middletonians..deserve..accessible..and..honest...local..government.
]]> Wed, 27 Oct 2010 11:43:09 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=3415&PID=22716&title=wasting-nsp-funds#22716 Wasting NSP Funds : It&#039;s..sad..how..NSP..fund... http://www.middletownusa.com/forum/forum_posts.asp?TID=3415&PID=22715&title=wasting-nsp-funds#22715 Author: Nelson...Himself
Subject: 3415
Posted: Oct 27 2010 at 11:28am

It's..sad..how..NSP..funds..are..being..wasted..needlessly..on..costly..purchase/rehab/resale..projects!
]]> Wed, 27 Oct 2010 11:28:30 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=3415&PID=22715&title=wasting-nsp-funds#22715