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?
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.
Six Montgomery County school districts have new tax levies on the ballot this November, some for the third, fourth or fifth time. But many homeowners oppose any new taxes, citing losses in property values and the overall post-recession fiscal squeeze among reasons to vote against new levies.
A story in Bloomberg earlier this week found that hedge fund Magnetar has bought up a significant chunk of the rental stock in Montgomery County’s Huber Heights—and then requested a major reduction in those properties’ values. That reduction, if approved, could affect the city’s taxes and levies.
Home sales numbers are out for September, and the greater Dayton area shows an increase of 21 percent compared to September of 2012. The dollar volume in the first nine months of the year, $1.3 billion, also increased 21 percent compared to the first nine months of 2012.
Nancy Farkas of the Dayton Area Board of Realtors says she sees the most growth in places like Kettering, Centerville and Beavercreek. But overall, she says the outlook is positive across the board.