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AV purchases land for housing
The Town of Apple Valley took a step into the future by purchasing land on the east side of town, according to a council report.
The 10-acre parcel is located west of Navajo Road behind The Church of Jesus Christ of Latter Day Saints and the Apple Valley Square shopping center.
The price tag for the property was $650,000, with funds coming from the Neighborhood Stabilization Program, a federal program that awarded the town $1.4 million in 2011.
Activities covered under the federal grant include the purchase of vacant land for future housing projects.
“The proximity to transit, shopping and medical services makes this location ideal for housing and the possibility of obtaining tax credits for the future construction of housing,” according to a town letter.
In June 2012, the council gave direction to the town manager, as the real property negotiator, to identify property to be acquired and negotiate price and terms of the offer. The council approved the purchase during its Jan. 22 meeting.
According to HUD, grants were awarded to 270 states and selected local governments to mitigate the negative impact of the nation's economic decline and housing market collapse, and to stabilize and revitalize areas hit the hardest.
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