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Tag Archives: residences

Subcontractors offered chance at MDA-Neighborhood Home Project

BILOXI — On Jan. 23, Roy Anderson Corp, Habitat for Humanity of the Mississippi Gulf Coast, Gulf Construction Company and the South Mississippi Contract Procurement Center will host a subcontractor outreach event for the purpose of meeting local qualified subcontractors interested in procuring contracts for the MDA–Neighborhood Home Project in Harrison County. The event will be held at the Innovation ...

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Officials plan to demolish abandoned homes

FULTON — Fulton officials are moving forward with plans to clean up or demolish unkempt and abandoned houses throughout the city. The Northeast Mississippi Daily Journal says 10 properties thought to be abandoned are being considered for demolition by the Fulton Board of Aldermen. They say the houses are dilapidated and pose health and safety concerns. Regulations say a house ...

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Tax assessor asking for help for property reappraisals

VICKSBURG — Warren County Tax Assessor Angela Brown wants to bring in some outside help to work on property reappraisal. The Vicksburg Post reports Brown, who was elected in November, told supervisors that she needed the help to reappraise a quarter of Warren County’s real property the next four years. Brown asked supervisors to hire Louisville-based appraiser Wes Kight and ...

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Report: State's foreclosure rate fell in 2011

ACROSS MISSISSIPPI — The pace of home foreclosures in Mississippi slowed substantially in 2011, following a national trend that may soon be reversed, a national foreclosure tracking firm said yesterday. Irvine, Calif.-based RealtyTrac said that in 2011, 3,172 homes in the state were hit by some sort of foreclosure action. Those range from an initial notice of default to repossession ...

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Supervisors close on more flood-prone homes

JACKSON COUNTY — Jackson County supervisors have approved a payment of $500,949 to Island Winds Title Co. to close on seven homes. The Mississippi Press reports the action brings the county closer finishing its role in a federal buyout program meant to help give relief to residents in repeatedly flooded homes. Planning director Michele Coats says once the seven homes ...

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Judge approves Chinese drywall settlement

NEW ORLEANS — A Chinese drywall manufacturer would pay hundreds of millions of dollars to resolve court claims by thousands of Gulf Coast property owners who say the product wrecked their homes, under a deal that won preliminary approval yesterday from a federal judge. In his order, U.S. District Judge Eldon Fallon said he believes the proposed class-action settlement is ...

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Contractor admits guilt to aiding, abetting embezzlement

OXFORD — A building contractor pleaded guilty yesterday to participating in a kickback scheme involving the South Delta Regional Housing Authority, which promotes affordable housing for the poor in the impoverished Mississippi Delta. Court records show Jimmy Johnson pleaded guilty in U.S. District Court in Oxford to aiding and abetting embezzlement. Johnson and housing agency director Ann Jefferson were indicted ...

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City may have to reimburse $300K to HUD

JACKSON — Mississippi’s capital city may have to reimburse more than $300,000 to the U.S. Department of Housing and Urban Development over lax oversight that led to the misuse of more than $1 million in federal grants over several years. The reimbursement may be necessary for Jackson to get $1.15 million in housing funding restored. The Clarion-Ledger obtained a HUD ...

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Insurers will pay $32B for weather-related losses in 2011

ACROSS MISSISSIPPI — Insurance companies will pay more than $32 billion in claims to help people rebuild homes and businesses damaged or destroyed by natural disasters in 2011, a record year for federal disaster declarations, according to the Insurance Information Institute (I.I.I.). “Catastrophes striking the United States in the first nine months of 2011 caused $32.6 billion in direct insured ...

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FNC: U.S. home prices continue to weaken

OXFORD — FNC Inc.’s latest Residential Price Index (RPI) indicates that October U.S. home prices continued to weaken at a modest pace despite recent positive home-sales data. The trend is a reminder that the housing market remains constrained by weak economic fundamentals and the overhang of distressed properties, FNC reports. October marks the third month of continued price declines and ...

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