From collection New Albany Public Library News Collection
Granting a fresh start
The 6.75 million grant to revitalize foreclosed homes in the S. Ellen Jones neighborhood will be used to purchase and redevelop 40 homes in the neighborhood. After refurbishing, the homes will be sold at affordable prices to foster property ownership. Twenty of the S. Ellen Jones houses are to be sold to first time homebuyers with priority to households at or below 50 percent of the area median income, rules for the grant stipulate. Photographs accompany the article