HAMMOND | A Hammond Redevelopment commissioner abstained from voting on a home rehabilitation project up for the board’s approval last week because he’s the listing agent for the property.
United Neighborhoods Inc. plans to buy the bank-owned property at 7418 Beech Ave. to rehab and resell.
Redevelopment Commissioner Greg Myricks said he made UNI Executive Director Alexius Barber aware of the home but multiple offers came in on the property.
“Other people did look at it and put offers on it,” Myricks said.
Myricks said he will make a commission on selling the property, but declined to disclose the amount at Hammond Redevelopment Commission meeting.
The Redevelopment Commission approved a project agreement for the house, 4-0, with Myricks abstaining.
UNI plans to buy the home for $15,200, down from its listing price of $16,000, Barber said. The total cost of rehabbing the project is around $96,000, which includes the acquisition cost.
Barber said the home was ideal for a rehab project because of its low cost to acquire and location.
“(Myricks) happened to be the listing agent,” Barber said. “Whomever had been, it’s still a good project for us. We have solid files on how we went about selecting the project.”
UNI is a Hammond-based nonprofit that focuses on remodeling and selling single-family homes. UNI also is currently building two model homes in the Parrish View subdivision funded by gaming money from the city.
Funding from the U.S. Department of Housing and Urban Development facilitates the home rehab projects, Barber said. UNI currently has pending sales on two homes it rehabbed on 164th Place and Field Street and is looking to rehab at least two more homes, Barber said.