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November 5, 2002 <br /> <br /> STATUS REPORT <br /> <br />SOUTHSIDE NEIGHBORHOOD PROJECT <br /> <br />Housing Rehabilitation <br /> <br />There have been twenty (20) applications submitted for assistance in performing repairs <br />on residences in the Southside neighborhood. Of these applications, four (4) has been <br />from an investor - owners. Twenty - six (26) write -ups have been completed on <br />properties in the project area. Presently, we have a total of nineteen (19) completed jobs, <br />out of twenty (20) that have been approved for work, and are awaiting the legal <br />documentation and owner's notice to proceed on five (5) others before proceeding to <br />contract. <br /> <br />Our contracted goal for rehab is thirty - three (33) units, to be completed within a thirty- <br />six month period, ending in May 2003. In order to reach our goal, we will have to revise <br />our program design, emphasizing new homeownership opportunities, which should allow <br />us to pick up the pace of activity and encumber the total funds granted by the Department <br />of Housing and Community Development. It has been done successfully in one instance <br />in the neighborhood, to date. Attached is a breakdown of the properties completed and its <br />funding sources. <br /> <br /> <br />