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Encyclopedia Dubuque

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WASHINGTON NEIGHBORHOOD ASSOCIATION: Difference between revisions

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One of the results of this document was the creation of the Washington Initiative, a public/private partnership including city departments, private lenders, and neighborhood businesses that replaced the previous Washington Neighborhood Association. The Washington Neighborhood Development Corporation was established with a board of directors. (3)
One of the results of this document was the creation of the Washington Initiative, a public/private partnership including city departments, private lenders, and neighborhood businesses that replaced the previous Washington Neighborhood Association. The Washington Neighborhood Development Corporation was established with a board of directors. (3)
In 2013 [[DUBUQUE BANK AND TRUST COMPANY]], the city and Community Housing Initiatives (CHI) acquired twenty-three homes. In three years, twelve were rehabilitated. The activity led to increased home values although CHI homes sold for around $92,500 compared to the cost of $107,000 to rehabilitate the property. CHI hoped to develop a 'market equilibrium' that would align the cost of purchasing the homes and rehabilitating them with the completed selling value eliminating the need for public subsidies. (4)
In August 2016 an announcement of a new agreement between the city and CHI, one of Iowa's largest nonprofit affordable housing providers. Under the terms of the agreement, CHI would provide a minimum of $1.5 million in a construction line of credit to continue efforts to purchase, rehabilitate and resell abandoned and derelict houses from 11th to 22nd streets and Elm Street to Central. The city would invest $600,000 providing $25,000 per unit for acquisition or rehabilitation costs to restore twenty-four houses in the area over four years. The city would inspect homes to be purchased and rehabilitated, develop the scope of the work, and bid packages for CHI to distribute to contractors. The city would also inspect homes prior to resale. Buyers would be eligible for homebuyers' assistance through the city. This would include $10,000 to $25,000 through a no-interest loan to qualified buyers based on family size and income. (5)


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3. Ibid.
3. Ibid.
4. Barton, Thomas J. "City Takes Big Steps to Build on Home Rehabilitation Program," ''Telegraph Herald'', August 20, 2016, p. 2A
5. Ibid.


[[Category: Neighborhood Associations]]
[[Category: Neighborhood Associations]]

Revision as of 02:27, 24 August 2016

WASHINGTON NEIGHBORHOOD ASSOCIATION. Organized in the spring of 2005, the Association represents residents living between 11th and 22nd STREETS and Elm to Central. Those organizing the group saw a need to promote the area's environment, safety, and welfare and work toward better communication between residents in the City. (1)

One of the first accomplishments was the establishment of Orange Park at 18th and Washington. The name came from the original name of Washington Street as it appeared on the 1833 plat of Dubuque. The city council agreed to the Association request for more street lighting and additional police patrols. Funds were provided for ongoing upgrading and rehabilitation of neighborhood buildings and infrastructure. Many residents worked with city staff in drafting a working plan for the Washington Neighborhood Revitalization Vision written in 2008. (2)

One of the results of this document was the creation of the Washington Initiative, a public/private partnership including city departments, private lenders, and neighborhood businesses that replaced the previous Washington Neighborhood Association. The Washington Neighborhood Development Corporation was established with a board of directors. (3)

In 2013 DUBUQUE BANK AND TRUST COMPANY, the city and Community Housing Initiatives (CHI) acquired twenty-three homes. In three years, twelve were rehabilitated. The activity led to increased home values although CHI homes sold for around $92,500 compared to the cost of $107,000 to rehabilitate the property. CHI hoped to develop a 'market equilibrium' that would align the cost of purchasing the homes and rehabilitating them with the completed selling value eliminating the need for public subsidies. (4)

In August 2016 an announcement of a new agreement between the city and CHI, one of Iowa's largest nonprofit affordable housing providers. Under the terms of the agreement, CHI would provide a minimum of $1.5 million in a construction line of credit to continue efforts to purchase, rehabilitate and resell abandoned and derelict houses from 11th to 22nd streets and Elm Street to Central. The city would invest $600,000 providing $25,000 per unit for acquisition or rehabilitation costs to restore twenty-four houses in the area over four years. The city would inspect homes to be purchased and rehabilitated, develop the scope of the work, and bid packages for CHI to distribute to contractors. The city would also inspect homes prior to resale. Buyers would be eligible for homebuyers' assistance through the city. This would include $10,000 to $25,000 through a no-interest loan to qualified buyers based on family size and income. (5)

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Source:

1. "Neighborhood Associations and Councils are Catalysts for Change and Action," Julien's Journal, March 2010, p. 71

2. "Neighborhood Associations and Councils: Changing the Face of Dubuque," Julien's Journal, March 2011, p. 60

3. Ibid.

4. Barton, Thomas J. "City Takes Big Steps to Build on Home Rehabilitation Program," Telegraph Herald, August 20, 2016, p. 2A

5. Ibid.