Alderman John Roach has requested the SDCC to give priority to means of publicizing investment opportunities in local real estate to local residents.
Mr. Roach reported surge of interest by lending institutions in rehabilitating single and multi-family buildings in this area.
As these properties come on the market, he hopes to find local people able to take the financial risk involved in purchasing, rehabbing and renting or selling the housing units to desirable neighbors.
The SDCC Board voted at its January meeting to form a committee for this purpose.
The committee will keep a list of properties available, recruit investors, and supply them with practical assistance in estimating costs of work to be done and obtaining the necessary financing.
They will also assist in finding buyers for the properties.
Mr. Roach also urged all residents to cooperate with the efforts of the Residential Service and to seek out responsible people to buy or rent in the neighborhood.
Questions about this new committee or the Residential Service will be answered at the Council Office,Vo.2-5122
Originally published in The Paper, February 1974.
Read this article in the original newspaper issue.
Original source: SD_Times1974_02.pdf, printed page(s) 7.
