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Buyers Wanted for West Central Homes

Fort Wayne, Ind. – The City’s Office of Housing and Neighborhood Services (OHNS) is seeking residents interested in buying a home in the West Central Neighborhood. The City owns six blighted homes in the historic neighborhood; the homes will be rehabbed and offered for purchase to moderate- to middle-income residents.

Potential buyers will choose to work with approved City-registered developer who will purchase and rehabilitate the home to the City’s standards. The City will invest up to $3,500 in closing costs that must be matched dollar-for-dollar by the buyer. The buyer must contribute a minimum of $1,000 in closing costs and be willing to live in the property as their primary residence for a period of five years.

The homes were purchased with the City’s Neighborhood Stabilization Program (NSP) funding through HUD allocations. The end result of the program will not just increase the value of homes being improved, but will positively impact property values for the entire neighborhood through increasing homeownership opportunities.

The City expects a financing gap between the final appraised value and the amount spent by the developer to rehab the home. A recent housing market potential study indicated an unmet demand for home ownership opportunities in this historic neighborhood adjacent to downtown. The City’s efforts will help fill this demand and stabilize property values.

Residents interested in purchasing one of the homes should contact the City's development partner, Ric Zehr of Belay Corporation, by calling (260) 438-0412.

For the Homebuyer Program Guidelines click here

The attached plans & specifications are designed to show possible options for rehabilitation of the home and may show options that, while available, are not included in the base price of a home. Consult with the Office of Housing & Neighborhood Services for additional guidance and information. Please note that features, dimensions, and prices are subject to change without notice.                        



 *“Pending” means a prospective buyer, who has applied to the City’s Program and has been confirmed as qualified for the Program, has identified this property as the one they would like to buy.  OHNS will not finalize a property as having been “Sold” until it has received a formal purchase agreement from a registered developer on behalf of the prospective buyer.