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Bloomington
Restorations, Inc.
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Historic Properties for Sale:
Affordable Housing Program
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A listing of
historic properties offered by Bloomington Restorations, Inc. for purchase
through our Affordable Housing Program.
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Main & Market streets,
Stinesville
Price to be determined
This
two-bedroom house is to be built across the street from the Stinesville
Merchantile. It's a Katrina cottage with 936 square feet of space. A full
front porch provides outdoor space. Just as you would expect in
an old house, there are higher ceilings and lots of big windows. Inside,
though, are spaces that are designed to meet contemporary needs and tastes.
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8130 N. Medley St., Stinesville
Estimated price $72,000
SALE
PENDING
A
new house with an old look, this is one of three new-construction houses
BRI will build in the historic district of Stinesville. Just as you would
expect in an old house, there is a front porch, higher ceilings and lots of
big windows. Inside, though, are spaces that are designed to meet
contemporary needs and tastes. Call 336-0909 for more details.
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8160 N. Medley St., Stinesville
Estimated price $72,000
SALE
PENDING
One
of three new house designs created for BRI, this old-style house is to be
built in the historic district of Stinesville. Just as you would expect in
an old house, there is a front porch, higher ceilings and lots of big
windows. Inside, though, are spaces that are designed to meet contemporary
needs and tastes.
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8188 W. North St., Stinesville
Price $75,000
SALE PENDING
This
two-bedroom house looks rough now, but once we're done restoring it, it will
be a beauty again. The house has wood floors, big windows, and a deep, 150
foot long lot. It's across the street from the town park, and just a block
from the Stinesville Merchantile and post office. We will replace the
furnace, plumbing, and wiring, add storm windows with screens, and install
central air conditioning. There will also be a new kitchen and bathroom.
Call 336-0909 for more details.
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Notes:
All BRI properties
are sold with protective covenants requiring BRI approval of any exterior
alteration of existing structures or new construction.
Buyers of
houses in the Affordable Housing Program must make less than 80 percent of
the county's median income. Those annual income limits, by household size,
are: one person, $34,250; two people, $39,100; three people, $44,000 and four
people, $48,900. The houses
are sold with affordability deed restrictions that require that the house
remain affordable for 10 years after the initial sale. The new owner must
live in the house for 10 years or sell to another buyer who meets the income
restrictions.
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