Vacant Kokomo Indiana Properties Target Of New Program

As reported in March on IndianaUSDAMortgages.com; The mayor of Kokomo, Greg Goodnight, announced he wanted to pay people to move in and fix up vacant homes in an effort to eliminate eyesores and boost property values. He proposed the city dip into its economic development fund and set aside $100,000 to offer the grants. Those who buy and move into a targeted home would be eligible to apply for $5,000 to cover a portion of the improvement costs. Goodnight said the pilot program would focus on 20 homes currently owned by the city. He used a home at 1721 W. Jefferson St. as an example. ”If something is not done with this home, it will become an eyesore. It becomes blight and it will decrease the property value of surrounding neighbors,” he said. “It needs a little...

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