Development & Preservation Published May 2, 2022May 2, 2022

Buildings Stabilized with Prop NS Funds up for Bid

by Richard Bose < 1 min

Ten properties that were stabilized with Prop NS funds are up for bid. Prop NS (neighborhood stabilization) was passed by voters in 2017. It added a property tax to raise funds that would go to stabilizing LRA-owned buildings to make them more attractive to prospective buyers that would carry through with rehabbing them. As always do your due diligence.

This is the eighth round of properties posted for sale. In the previous 7 rounds, a total of 32 buildings that had been stabilized and posted for sale received offers that were accepted to purchase according to Program Manager Sean Thomas. Of those 32 buyers, 19 have closed on their purchases.

Link to Map

Check out spec sheets on each property-

NextSTL – 2017 – Prop NS and a new narrative on vacancy in St. Louis

Richard Bose

Contributor

Editor and a nextSTL contributor since 2011, Richard is an Electrical Engineer by profession. He earned a BA in Physics and Economics and an MSEE from Washington University in St. Louis. He is on the board of the Skinker DeBaliviere Community Housing Corporation. He is a transplant from Central Illinois and has called St. Louis home since 1998. He can be found on Twitter @Stlunite and contacted at [email protected].

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