Mayor favors loan program
Aid to workers targets central-city
homes.
By LIZ VAN HOOSER of the Tribune’s staff
Published Sunday, February 3, 2002
Mayor Darwin Hindman wants to fight the perception that central Columbia
is overrun with crime. He wants to take head-on the notion that it’s not
a good place to buy a home. And he’s hoping to do so, in part, by
encouraging city employees to settle down there.
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The Columbia City Council is expected to vote tomorrow on a resolution
that would set up a home-buying assistance program for the city’s 1,100
employees. Working with lender Fannie Mae, the program would provide
eligible workers a $5,000 loan toward buying a home in a designated
portion of the city’s core. Recipients could have the loan
"forgiven" if they stay in their homes and with the city for
five years.
"I’m very much in favor of it," Hindman said. "To have
a successful city, you’ve got to have a strong core. I think we must
strive in every way to make it so there are benefits to living in the
central core that you don’t get living anywhere else."
If approved, the city would initially set aside $30,000 in
discretionary money. Employees who have worked for the city at least two
years could apply for the loans on a first-come, first-served basis. The
eligible area includes parts of every city ward.
First Ward Councilwoman Almeta Crayton, who lives in the eligible area,
supports the proposal.
"I think it would be a good way to bring back professional people
to the neighborhood," Clayton said. "We should bring people back
as homeowners and pillars of the community."
Fannie Mae representatives have indicated that if the council approves
the resolution, they would be willing to work with other employers in the
city on similar programs.
City Planning Director Roy Dudark said he’s unaware of any other
employers in Columbia that offer a homeownership loan program. He said
similar programs for city employees in St. Louis and Kansas City have
succeeded. "It’s not only a good thing for the neighborhood but
also a tool to recruit and retain quality employees," he said.
Hindman doesn’t think the plan would lead to gentrification in the
city’s center. "I assume if a place is for sale, that we’re not
going to be displacing people," he said, noting that only six people
a year could receive a $5,000 loan under the proposed program.
In other business, the council is scheduled to consider:
● Authorizing City Manager Ray Beck to sign an agreement with
Rafael Architects of Kansas City to do preliminary work at the Nowell’s
building on Worley Street, which will house the Columbia-Boone County
Health Department. The city and county would split the cost, which is not
to exceed $218,000.
● A report on farmers market issues. The report includes a draft
letter from the city of Columbia to the Missouri Department of Economic
Development indicating that the city wants to enter a lease agreement with
Sustainable Farms & Communities. While the city council and SFC
haven’t hashed out all the details of the proposed lease, the council
agreed to write the letter so that the state would review SFC’s
application for tax credits. The council must approve the letter.
SFC has asked that the city allow it to lease 5 acres at the old
fairground for $10 a year for 99 years to accommodate a $2.7 million
Columbia Farmers Market Community Center. To be eligible for tax credits,
it must have a lease in hand by April 1.
The report also includes a market request to use the Nowell’s lot on
Worley this season because construction of the recreation center limits
space at the fairground site.
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