housing

The Economy & Business
6:44 am
Wed January 15, 2014

New Mortgage Rules In Effect This Week Get Mixed Reviews

 A complex new set of rules designed to limit risky loans is in place as of this week for mortgage bankers. The regulations were developed in response to the 2008 financial crisis.

That 2010 Dodd-Frank financial reform law was, among other things, supposed to make it harder for banks to issue mortgages fast and loose.

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The Economy & Business
6:00 am
Mon December 16, 2013

How Do You Buy Up A Vacant Property In Dayton? WYSO Curious Investigates

Dave Chesar of Oakwood scoped out this house on Wayne.
Credit Lewis Wallace / WYSO

Recently Dave Chesar of Oakwood heard a story we did about the 6,000 abandoned properties in Dayton.

"At the end of the piece it said that the one thing that needs to happen is people need to start purchasing the properties," Chesar said. So he wondered: how do you actually do that? Who do you call? Is there a list? "Who really is the person, or group that can kind of transform those 6,000 vacant and distressed properties into properties that have a name, price and location?"

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The Economy & Business
6:00 am
Mon December 9, 2013

Hedge Fund-Backed Rental Company Wins Back $184,000 From Huber Heights City Budget

Property values in Montgomery County have declined since the Recession, making purchases like the Huber Homes cheaper for investors.
Credit Lewis Wallace / WYSO

Last month WYSO reported that an Illinois-based hedge fund had purchased about one in eleven homes in the town of Huber Heights. The company made national news by asking Montgomery County to reduce its property taxes by over a million dollars. Now the results are in—and they weren’t as hard on the local budget as expected.

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The Economy & Business
7:33 am
Thu December 5, 2013

Can A Neighborhood Improve Without Gentrifying? WYSO’s Lewis Wallace Talks To Jan Lepore-Jentleson

Twin Towers in Dayton. St. Mary's Church, in the background, is central to the neighborhood's history.
Credit Lewis Wallace / WYSO

The Twin Towers neighborhood in Dayton was established more than a hundred years ago, and it’s been through a lot. Recently 84 new houses opened in the area for low-income families through a public-private partnership organized by East End Community Services. But what does this mean for a neighborhood trying to turn itself around?

 

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Housing
12:37 am
Fri November 22, 2013

Twin Towers Crossing Cuts Ribbon On Low-Income Homes

Jan Lepore-Jentleson, the director of East End Community Services, speaks before the ribbon-cutting for Twin Towers Crossing II. Mayor Gary Leitzell is on the right.
Credit Lewis Wallace / WYSO

Just down the block from the tall church towers that give Twin Towers its name, there’s a surprising image: instead of Dayton’s classic, old wood homes you see a block full of brand new wood homes in a similar style.

 

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