1993-11-08 Regular Meeting - Laserfiche WebLink

Browse Search

e e sified Residential, Inc. Over 200 of the properties have been rehabilitated and sold to low-income families. The knowledge gained in the acquisition, rehabilitation, financing, and dispo- sition of these RTC properties will be used to develop an ongoing program within the SETH jurisdiction. The goal of the jurisdiction-wide program will be to provide additional homeownership opportunities for families by making available single-family properties that have been neglected in the conventional housing market. Foreclosed properties that are institution or government owned, as well as dilapidated or abandoned properties, often deteriorate to the point where they have little value without extensive rehabilitation. Buyers will not buy them due to the problems of obtaining financing on substandard housing. These houses are a burden to financial and government institutions, realtors, local governments, and to the neighborhoods. This program would help to relieve those burdens, as well as provide more affordable housing. Planning Services SETH has established a Planning Services Department. Planning Services works with community leaders from member jurisdictions to determine the needs and goals of each jurisdic- tion. Planning Services can then assist local organizations and governments in its member jurisdictions to develop programs, seek funding, organize community support, and implement the needed housing programs. SETH is actively seeking grant funds that will contribute to the development of housing opportunities for people in its jurisdiction. SETH works with local nonprofit organizations and public agencies in seeking funding from many sources. SETH's commitment to Providing Housing Very few Texas nonprofit organizations or public agencies have achieved SETH's production in housing. The basis of its production and its innovative involvement in new programs is the commitment of the SETH board to providing financing and services for its member jurisdictions. This commitment will continue as SETH searches for ways to provide new housing opportunities for families in the SETH jurisdiction.