The Movement Community Development Corporation (CDC) will hold its second and final public meeting on December 10th at 630 PM at the New Life Christian Fellowship 1 South 5th Avenue. The meeting is part of the process of applying for Keystone Communities status with the Commonwealth’s Department of Community and Economic Development.
The CDC is holding public hearings to test the goals and objectives and seek community input on the proposed goals. The first meeting produced eight potential homebuyers and 29 people seeking a housing rehabilitation grant. The second meeting will be held.
The group is calling for the establishment of a land bank to enable current residents to participate in the homeownership process. The Homeownership Program will offer a new look in dealing with displacement and gentrification.
The CDC will seek to create a landbank to put homes in possession of eligible Coatesville residents by bypassing the tax sale process. In many cases, the CDC hopes that the rehabilitation mortgage will be the first mortgage. Residents could use the HUD 203k program could be used for many of the people now HUD has raised the rehabilitation amount has been raised to $50,000
The CDC also seeks to work with current homeowners to package in $5,000 grants to enable them to start improving the existing homeowner housing stock in the zone, and combined with the use of the 203k program, the CDC looks to create clusters of renewal in the neighborhoods.
