|
National Homeownership Month Celebrated in Wichita
Date: June 29, 2005
Contact: Mark Stanberry, Housing Services
 : MStanberry@wichita.gov
 : (316) 462-3734
Contact: Jessica Johnson, Marketing Director
: JJJohnson@wichita.gov
: (316) 268-4351
Today, the City of Wichita Housing & Community Service Department, in partnership with non-profit Community Housing Development Organizations (CHDOs), and private developers through members of the Wichita Area Builders Association (WABA), joined together to show Wichita City Council a first-hand look at home ownership in Wichita to celebrate "National Homeownership Month."
National Homeownership Week arrives in Wichita with some of the highest home buying statistics in the nation’s history. According to Census figures, 68% of the nation own a home. Also, more homes were sold in 2004 than any other year before. Wichita is just slightly higher with 69% of the population owning their home because of the excellent cost of living and affordability of homes in Wichita and Sedgwick County.
Some statistics from President George W. Bush’s agenda to expand homeownership opportunities include:
-
U.S. homeownership rate was at a record high of 68.9% in the fourth quarter of 2004, the highest ever.
-
Census estimates an increase of 1.53 million minority homeowners, which means for the first time a majority of the minority households own a home with 50.6%.
-
Increased housing prices and new home construction have added nearly $4 trillion to homeowner wealth since the start of 2001.
HOMEownership assistance to homebuyers resulted in private mortgage investments at a rate of 1:3 ($1 million City to $3.2 million private). Today’s tour included affordable housing projects throughout the City is a representation of the variety of housing available for first-time home buyers. There were seven sites on the tour and included:
-
Trinity Point – MacArthur & Hoover
Developer: Gray Construction
Sales Prices: Starting in the $100’s
Financing: Private
-
Shadowridge – 3502 Sunnybrook Court
Developer: Shadowridge LLC, Rob Snyder, President
Sales Prices: $70,000
Financing: City HOME and Intrust Bank
-
Vassar Street Redevelopment - 1433 N. Vassar
Developer: Community Housing Services, June Bailey, Executive Director
Sales Prices: $85,700
Financing: City HOME and NeighborWorks Revolving Loan Fund
-
North Ash Street Redevelopment Project – 1938 N. Ash
Developer: Mennonite Housing Services, Andy Bias, Executive Director
Sales Prices: $81,600
Financing: City HOME and Emprise, Commercial Federal Banks
-
Piatt Area Redevelopment Project – 2105 N. Piatt
Developer: Power CDC, James Arbertha, Executive Director
Sales Prices: $85,700
Financing: City HOME and Commercial Federal Bank
-
Millair Creek, 25th Street North and Minnesota – 2667 N. Minnesota
Developer: Power CDC
Sales Prices: $85,700
Financing: City HOME funds and Commercial Federal Bank
-
Falcon Falls, 45th Street North and Hillside
Developer: Jay Russell
Sales Prices: Starting in the $90’s
Financing: Private
Mayor Carlos Mayans also marked the occasion with a special proclamation on June 7 that recognized top homeownership partners in the community. That list included: James Arbertha, Power CDC; Andy Bias, Mennonite Housing; June Bailey, Community Housing Services; Mohan Kambampati, Wichita Indochinese Center; Tony Zimbelman, Zimbelman Construction; Wess Galyon, Wichita Area Builders Association; Rob Snyder, Central Plains Development; Mary K. Vaughn, Director of Housing & Community Services; and Mark Stanberry, Housing Services Department. For more information on Homeownership, go to www.wichita.gov.
Back to Top
|
 |
|