News from City Hall
City Communications Office
City of Kansas City, Mo.
FOR IMMEDIATE RELEASE: Nov. 4, 2011
City’s Neighborhood Stabilization Program celebrates success
The City of Kansas City, Mo., will co-host a ribbon-cutting ceremony and open house Monday, Nov. 7 at 9 a.m. to celebrate the success of the collaborative partnership among the City’s Neighborhood Stabilization Program, Ivanhoe Neighborhood Council and the Economic Development Corporation of Kansas City, as demonstrated through the renovation of a home at 3933 Euclid Ave.
The event will take place at 3933 Euclid Ave., a formerly foreclosed home marked for demolition that was rehabbed and used as a training ground for the City’s Weatherization and Green Impact initiatives. This project promotes energy efficiency to the highest standards.
Third District Councilmembers Melba Curls and Jermaine Reed, along with Margaret May and Walter May of the Ivanhoe Neighborhood Council, will be in attendance to share insights on the Neighborhood Stabilization Program’s impact on the City and the Ivanhoe neighborhood.
Through the Neighborhood Stabilization Program, foreclosed homes are purchased and then rehabilitated to the highest specifications, which include energy efficient furnaces, windows, roofs and appliances. The final sales price of these homes is the lesser of the appraised value or the cost of purchase and rehabilitation of the home.
“I am excited to see more homes rehabilitated in the Third District as well as throughout the community,” said Councilwoman Curls.“I applaud Ivanhoe and their staff for their continued support and commitment to the neighborhoods.”
Residents are invited to this ceremony to learn more about the Neighborhood Stabilization Program and tour the home.
Under the Housing and Economic Recovery Act (HERA) of 2008, the City of Kansas City, Mo., received $7.3 million to combat the foreclosure crisis that has stifled the housing market not only in Kansas City but also around the country. By abating these conditions, affordable housing can be developed for those most in need, and values of neighboring homes will be less likely to be adversely affected.
To learn more about the City’s Neighborhood Stabilization Program, visit kcmo.org/neigh and choose “Neighborhood Stabilization Program.”
For media inquiries regarding the City’s Neighborhood Stabilization Program, please contact Jerome Robins, Neighborhood and Community Service Department, at 816-513-2835.
For more information about the Ivanhoe Neighborhood Council, contact Margaret May, the council’s Executive Director, at 816-921-6611.