Monday, July 30, 2012

Covington shows off part of 14-site NSP redevelopment

Five homes in Covington's Old Seminary Square that were renovated under the Neighborhood Stabilization Program (NSP) were opened to the public for tours on Thursday evening.

The properties, located at 908-916 Banklick Street and 304 Berry Street, are all near completion and ready for purchase, priced between $122,000 and $175,000.

All are part of a larger 14-site development containing three newly-built homes and 11 full renovations of previously foreclosed, vacant, or abandoned properties. Under the NSP program, income-qualified homebuyers can receive financial incentives that include paid closing costs, zero interest forgivable loans, and down payment assistance.

One home has been sold, and two more are under contract.

The tour was presented by the City of Covington, the Center for Great Neighborhoods, and Housing Opportunities of Northern Kentucky, as well realtors from Huff Realty, Sibcy Cline, Coldwell Banker West Shell, and Century 21.

Previous reading on BC:
HONK, Brighton Center partnership house open today (7/12/12)
HONK creates two new homeownership opportunities in Ludlow (7/2/12)
Third annual Covington Quest part race, part scavenger hunt (6/17/10)
Center for Great Neighborhoods wins $10K green building grant (7/20/09)
LISC wins funding, AmeriCorps to begin work here in September (7/7/09)