Mesa has listed about a dozen homes for sale that it bought and refurbished in an effort to stabilize an area hit hard by foreclosures. The homes in the 85204 zip code include high-efficiency appliances and other energy-saving features. The homes are listed at www.mesaaz.gov. Click on the “houses for sale” photo on the main page.
The homes were bought with a grant of about $9.6 million from the U.S. Department of Housing and Urban Development, which sought to stem property value declines by funding home rehabilitation. Mesa has renovated 36 homes so far and sold 24.
Eligible homeowners must provide part of the down payment, meet certain income criteria, get a 30-year fixed-rate loan, complete home buying counseling and agree to live in the home 15 years. Those who qualify will receive down payment assistance and some closing costs. For more information, call (480) 644-3208 or email email@example.com.