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HUD Funds & 3200 Block Ottawa Street Home??

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Nelson R. Self View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nelson R. Self Quote  Post ReplyReply Direct Link To This Post Topic: HUD Funds & 3200 Block Ottawa Street Home??
    Posted: Feb 08 2010 at 12:20pm
A.J. and Josh -
 
A friend of mine at the Municipal Building tells me that you might want to speak with senior City staff about a relatively new home built in the 3200 blcok of Ottawa Street in Ward Two.  It seems that this six-year old dweling may once again be property tax delinquent.
 
While there are quite a few other tax delinquent properties in Middletown, none has the history of this house.  Using HUD funds, the original substandard home owned by a lower-income retired household was demolished in  2003 or  2004.  Then, also using HUD funds in 2004, a new three bedroom, two bath ranch home was built on the same lot and financed for the lower-income retired owners.  Over $100,000 was overspent on this property that even now has a market value of $60,000 or less?
 
There seems to be a continuing history of property tax delinquency involving this home.  In fact, the City had to recast the owners mortgage at $100,000+ about 18 months ago because certain staff didn't respond to legal requirements of Butler County pertaining to a potential tax sale.
 
Now, this property appears to be in arrears on property taxes again with $100,000+ owed to the City of Middletown.  I brought this matter up last Spring and it didn't generate much interest from MiddletownUSA participants.
 
You would do the citizens of Middletown a great favor looking into this little HUD problem!
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