I was contacted by the SF Chronicle who was doing a feature on the Town of Danville. They wanted to know why people moved here and why it is an attractive place to live. Check out the article, “Like a small town.”
Hercules is buying underwater homes.
The Contra Costa Times is reporting Hercules continues to purchase ‘underwater’ homes
Hercules has stepped up the pace of its short-sale home purchases, closing on several more properties over the last half-year, including the condominium of a councilman’s daughter.
But the city has yet to reveal the addresses, the sellers or the prices of the “underwater” homes it bought in the most recent quarter.
The transactions came up briefly during a meeting last week of the council’s Transportation and Housing Committee, composed of Mayor Kris Valstad and Councilman Ed Balico.
From October through December, the city agreed to buy two homes under the Homeownership Retention and Loss Mitigation Program, according to a staff report; the city also sold one home to a “qualified client.” The report does not identify the addresses, owners or prices, and no one asked at the meeting. Affordable Housing project manager Rachael Redford, filling in for colleague Jonathen Sakamoto, who was ill, told a reporter to get the information from city spokeswoman Doreen Mathews.
It will be interesting to see if this starts to spread to other communities.
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