News Flash

Coffeyville Spotlight

Posted on: July 11, 2018

Properties in the Ville Receives Loan For Seventh Renovation

1119 and 1121 W 9th Street Properties in the Ville

Peggy Steele is on a mission one property at a time.  Doing business as Properties in the Ville, Peggy has purchased a seventh property on Ninth Street to renovate for market-rate rental property.  The Coffeyville City Commission unanimously approved her request for a loan through the Distressed Property Reinvestment Program.

The property at 1122 W. 9th Street is in the location of three houses which have already been renovated and next door to one currently under renovation.  The loan will be for $40,000 for ten years at 2.75% interest.  Once $30,000 is paid, the final $10,000 will be forgiven.  All funds go back into the program for future applicants to use for renovation.

“We are calling our project Bungalow Row on 9th,” said Peggy Steele.  “Bungalow Row has evolved from a simple idea to save one abandoned bungalow and will serve as an example of how a revitalized neighborhood can look.”  Peggy has used funding from the Distressed Property Reinvestment Program for all seven of her renovations.

A Community Development Block Grant project was recently completed on 9th Street comprised of street renovation, new curbs, gutters, driveway approaches and sidewalks.

The picture shows two completed properties at 1119 and 1121 W. 9th Street.

Facebook Twitter Google Plus Email

Other News in Coffeyville Spotlight

Coffeyville Police Officer Arrested

Posted on: July 11, 2018