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Published May 08, 2008 10:25 pm - MIAMI, Okla. — The Miami City Council plans a second public hearing Monday, May 19, on a proposed $1.7 million housing project that potentially could result in the construction of 20 single-family homes for victims of last summer’s devastating floods.
Miami council planning second hearing on flood-victim housing
By Debbie Robinson
news@joplinglobe.com
MIAMI, Okla. — The Miami City Council plans a second public hearing Monday, May 19, on a proposed $1.7 million housing project that potentially could result in the construction of 20 single-family homes for victims of last summer’s devastating floods.
The hearing, along with an anticipated vote by the council on an ordinance to approve the project, is scheduled for the 6 p.m. council meeting at City Hall. The first hearing was staged last week.
The first three homes to be constructed already have prospective owners who have met eligibility requirements and now are living in trailers provided by the Federal Emergency Management Agency, said Larry Eller, Miami community development director.
The city received a $160,000 Community Development Block Grant and a $400,000 Oklahoma Department of Commerce grant to buy the land at 20th and N streets and to install infrastructure. The land already has connections to sewer and water lines.
“It (the property) has been sitting empty for 25 to 30 years,” Eller said.
Revolving-grant money will be used to build additional homes once the first three are sold, he said.
Eller said the houses will be built by a private contractor under specifications established by the city.
The Federal Home Loan Bank of Topeka, Kan., will provide $5,000 toward the cost of a home, and other subsidies will reduce the cost to the buyer to about $86,000 with low interest rates, Eller said.
The project requires that the buyer live in the house for a minimum of five years, he said.
Prospective buyers will be required to have a job history and good credit.
Monthly mortgage payments will be based on income.
A family of three with an annual income of $19,500 would pay $446 a month, based on guidelines established by the U.S. Rural Development Authority.
The city also has a vacant lot at 33 D St. N.W. that will be used for construction of a house.
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Area surveys damage Photo slide show 
