Tuesday, October 13, 2009

Bids being accepted for Newport renovations

Neighborhood Foundations, formerly known as the Housing Authority of Newport, is accepting sealed bids for the renovations of 922 Hamlet Street and of 927 and 929 Hamlet Street.

Part of the non-profit's revitalization of much of the 800 and 900 blocks of Hamlet Street, the completed homes will be offered to low- to moderate-income homebuyers and will come with a soft second mortgage, allowing prospective homebuyers to own the homes after eight years.

Funding for the projects comes from $1 million in Community Development Block Grant funds.

Bids for both projects will be accepted until noon on October 23, at which time bids will be publicly opened and read aloud.

Previous reading on BC:
New affordable housing options on Newport's Hamlet Street (8/6/09)