IS IT TRUE Part 2 August 19, 2011
IS IT TRUE that over on Adams Avenue between Kentucky Avenue and Kerth that there is a Front Door Pride type of project that is being carried out that sounds like it may just be sustainable and have a long term chance to make a positive change?…that the thought behind this program is to go block by block and take out ALL of the dilapidated homes before proceeding to build anything new?…that when the new house are built that they are being built at price points that are compatible with the incomes of the target market?…that these houses are built for the same price that they are sold for and that number is in the $129,000 range for a 1,200 square foot home?…that rather than building a boat load of these homes and then hoping that they sell that the developers have a list of interested and QUALIFIED buyers right up front?…that these homes improve the neighborhood but do not resemble the McMansions that the City of Evansville have randomly planted around abandoned shotgun houses in the Front Door Pride district?
IS IT TRUE that the practicality of appropriate products for the target market wins every time in the free market system?…that trying to change a massive ghetto by building a few palaces in it is always a waste of money and only benefits a few at the expense of many?…that if you want to see a program that needed very little seed money and is based on practicality and sustainability you need look no further than the 1,000 block of Adams Avenue near Akin Park where the Reverend Adrian Brooks and the Memorial Community Development Corp. along with Evansville City Councilwoman Connie Robinson are doing this right?…that when dedicated people get together and use their minds that programs that are capable of big improvements can be done with nominal seed money?…that the formula of spend $500,000 followed by sell for $500,000 can be repeated indefinitely?…that the Front Door Pride formula of spend $3 Million and sell for $1.5 Million can only be repeated until one gets to the bottom of the money barrel and then the “MONEY PARTY†is over?
IS IT TRUE that programs like Front Door Pride, Vision 1505, and a host of other “affordable housing†initiatives are nothing but expensive handouts and squander taxpayer dollars?…that such wasteful programs that defy the free market and rely on irrational decisions by buyers give housing programs a bad name?…that programs like the one on Adams Avenue give community development a good name?
IS IT TRUE that the IDEA HOME at 620 Washington Avenue has finally attracted a buyer?…that Jody and Vacharaporn Phillips are the proud new owners of the former IDEA HOME?…that the sale price of this home is recorded on the Vanderburgh County Assessors website as $165,000?…that this house that was sort of a speculative venture funded by much public money has been reported to have cost between $400,000 and $500,000 to refurbish from its formerly dilapidated condition?…that this is an extreme example of a Front Door Pride type of endeavor that lost approximately a QUARTER OF A MILLION DOLLARS of taxpayer dollars?…that Mr. Jody Phillips is a member of the Evansville Redevelopment Commission?…that the Phillips family is to be congratulated on their good negotiating that secured a very well refurbished home for them alone at a massive discount to the cost to do such a job on the open market?
IS IT TRUE that as taxpayers the City County Observer reiterates that such programs are not wise or sustainable?…that this is a link to the house on the Vanderburgh County Assessors website where all of the information was found?
http://www.vanderburghassessor.org/Default.aspx?PID=82-06-29-023-033.016-029