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Interested in owning a home? Pulaski needs you

If you fall in the low to middle income (LMI) bracket and you’d like to own your own home for as little as $429 per month, the Town of Pulaski needs to hear from you by noon Monday, April 6.
The town is in the process of applying for a $1.4 million Community Improvement Grant that will not only rehabilitate existing homes, utilities and roads in the Southeast (Dora Highway) area, but also will construct six new homes in the same neighborhood.
Anyone interested in possibly purchasing one of the new homes is asked to call Town Manager John Hawley or Clerk of Council Trish Cruise at 994-8600 by noon Monday to get on a list to be included with the grant application.
Hawley may also be contacted through e-mail at jhawley@pulaskitown.org.
Showing interest in purchasing one of the homes does not obligate the interested party to make a purchase, Hawley said. He said being able show Virginia Department of Housing and Community Development (VDHCD) there is interest in the new homes may improve the town’s likelihood of receiving the funding.
Hawley said three of the new homes will be valued at $125,000 and the other three will be valued at $142,000. With funding committed to the project by the town, Community Housing Partners in Christiansburg and New River Valley HOME Consortium, purchasers will be able to make a purchase for $80,000. At five percent interest for 30 years, monthly payments would be as low as $429 (based on principal and interest only), according to CHP Principal Broker Kamilia Lawson.
Interested parties also may contact Lawson at 540-382-2002, ext. 327 or e-mail her at klawson@chpc2.org.
The town was able to identify the targeted neighborhood for the project through a study funded by a Community Development Block Grant (CDBG) planning grant. The area proposed to be improved if the grant is received is between Pine Street and Birch Street.
According to a resolution authorizing the town to apply for the Community Improvement Grant, the Dora Highway neighborhood was selected based on “the neighborhood’s deteriorating housing conditions, blighted properties in need of clearance, insufficient water supply and fire suppression system, deficient streets, drainage problems, and insufficient street lighting and the need to provide additional opportunities for decent, safe, sanitary, and affordable housing in the Town of Pulaski.”
The project will address 100 percent of the deficiencies noted.
The resolution indicates that the almost $2.8 million project will benefit 54 households and around 154 people, 88 percent of which are LMI.
If the $1.4 million improvement grant is awarded to Pulaski, the town will commit $401,686 to the project. Almost $1 million in non-CDBG funds also have been committed to the effort.

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Interested in owning a home? Pulaski needs you

If you fall in the low to middle income (LMI) bracket and you’d like to own your own home for as little as $429 per month, the Town of Pulaski needs to hear from you by noon Monday, April 6.
The town is in the process of applying for a $1.4 million Community Improvement Grant that will not only rehabilitate existing homes, utilities and roads in the Southeast (Dora Highway) area, but also will construct six new homes in the same neighborhood.
Anyone interested in possibly purchasing one of the new homes is asked to call Town Manager John Hawley or Clerk of Council Trish Cruise at 994-8600 by noon Monday to get on a list to be included with the grant application.
Hawley may also be contacted through e-mail at jhawley@pulaskitown.org.
Showing interest in purchasing one of the homes does not obligate the interested party to make a purchase, Hawley said. He said being able show Virginia Department of Housing and Community Development (VDHCD) there is interest in the new homes may improve the town’s likelihood of receiving the funding.
Hawley said three of the new homes will be valued at $125,000 and the other three will be valued at $142,000. With funding committed to the project by the town, Community Housing Partners in Christiansburg and New River Valley HOME Consortium, purchasers will be able to make a purchase for $80,000. At five percent interest for 30 years, monthly payments would be as low as $429 (based on principal and interest only), according to CHP Principal Broker Kamilia Lawson.
Interested parties also may contact Lawson at 540-382-2002, ext. 327 or e-mail her at klawson@chpc2.org.
The town was able to identify the targeted neighborhood for the project through a study funded by a Community Development Block Grant (CDBG) planning grant. The area proposed to be improved if the grant is received is between Pine Street and Birch Street.
According to a resolution authorizing the town to apply for the Community Improvement Grant, the Dora Highway neighborhood was selected based on “the neighborhood’s deteriorating housing conditions, blighted properties in need of clearance, insufficient water supply and fire suppression system, deficient streets, drainage problems, and insufficient street lighting and the need to provide additional opportunities for decent, safe, sanitary, and affordable housing in the Town of Pulaski.”
The project will address 100 percent of the deficiencies noted.
The resolution indicates that the almost $2.8 million project will benefit 54 households and around 154 people, 88 percent of which are LMI.
If the $1.4 million improvement grant is awarded to Pulaski, the town will commit $401,686 to the project. Almost $1 million in non-CDBG funds also have been committed to the effort.

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