Hillcrest / Washington – Coles Voluntary Real Estate Acquisition & Relocation Program February 2018 Commissioners Report
Progress Since Oct 2017 Acquisition Progress Then Now * Interest in Selling 276 303 Confirmed Program Eligibility 219 250 Appraisals Completed 203 230 Offers Presented 146 194 Offers Accepted 123 175 Closed 48 106 Rejected Offer 6 10 * As of 2/5/2018
Progress Since Oct 2017 Relocation Progress Then Now* Owner-Occupant 65 95 Offer Presented Tenant Entitlements Delivered 21 48 Onsite Owners Relocated 26 51 Tenants Relocated 13 36 Note: 1 Onsite Owner elected the Life-Estate option * As of 2/5/2018
Progress…
Community Outreach 2018 Goals • Every Resident is aware of the Program • 20+ Tenants transition to 1 st time home ownership • Everyone eligible who wants to participate, CAN • Fear and title barriers, gone
Outreach Success • City’s down payment assistance program is helping • Housing Authority’s cooperation with HUD vouchers is helping • Testimonials • What you DON’T SEE or HEAR • No complaints • Anxiety at citizens meetings drastically dropped • Press focused on empowerment of families
Q and A Site Office 2301 N. Port Avenue Corpus Christi, TX 78401 361-232-5083 Thank you!
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