One Man's Quest to Save a Neighborhood
By Mark Geary, Reporter
By
Mark Geary
Story Created:
Oct 5, 2008 at 8:07 PM CST
Story Updated:
Oct 5, 2008 at 8:07 PM CST
CEDAR RAPIDS – The overwhelming uncertainty some flood victims faced about their future led some to sell their homes for as little as one-thousand dollars.
Now, one community leader wants to step in to save his neighborhood. Frank King's idea is to have the Northwest Neighborhood Association buy some of the flooded homes for a price ranging from about ten to forty thousand dollars. Then, next year, the group will sell those homes to other flood victims for the same price. So, the association will never make a profit.
The goal is to prevent people from buying large amounts of homes and turning them into rental units.
"Somebody has to stand up and speak. If nobody does, I'm of the firm belief that nothing will get done,” King said.
He blames the city council for not stepping in to stop people from selling their homes for next to nothing.
"The reason these people sold their homes for nothing is because they had no direction,” King said.
So, King created a program to buy and stabilize flooded homes and then eventually sell them to other flood victims who want to restore the properties.
"What I'm trying to do is stop the hemorrhaging before it gets any worse,” he said.
Several people offered Rebecca Campbell only one thousand dollars for her home. She thinks their only intention was to fix it up quick and rent it out.
"I wanted to jump through my skin…Each time I said, 'I'd rather give it away as long as I know this time next year, I could go by and see a family there,’” Campbell said.
Then, Campbell heard about King's program and she agreed to sell her home to the neighborhood association for about thirty-thousand dollars.
But, to her, it's not about the money. She wants to see her beloved neighborhood survive.
"This is a neighborhood you don't want to see disappear from the city because it's made this city. Without Time Check, the areas for the working people, there would be no companies here,” Campbell said.
So far, only about ten people have signed on to sell to the association. King believes each home that becomes a part of the program will act as a seed to help the neighborhood return to its working-class roots.
Right now, the program doesn't have any funding. In the coming weeks, King plans to ask the city council for money to get the program going.
If the council declines, he plans to ask the state and even some local companies for help. Even though the Northwest Neighborhood Association has created the program, any flood victim in the city can participate.
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Monday, Oct 6 at 8:43 PM but whos fixing it? wrote ...
so who would be fixing the homes all it says is they buy for one price and resell for the same price what about fixing it what about the mold issues that will come up its a great idea dont get me wrong but you have to fix it and then theres equity in the house and so they would have to sell it for more and whos job is that can we go more indepth with this story i would really like a follow up
Monday, Oct 6 at 5:24 PM Anonymous wrote ...
good idea but it will never work sorry
Monday, Oct 6 at 4:18 PM Vae wrote ...
My great grandpa used to say "be part of the solution, not the problem!" Frank King epitomizes that. What about other low income families? Could they be buyers? Might help with the mortgage crisis, too. I'd go for it myself.
Monday, Oct 6 at 12:40 PM good grief wrote ...
Good for Fran King! This man deserves financial backing because he's trying to save a family neighborhood. Think of what will happen if he doesn't get funding and more people sell their homes for $1000. Imagine what type of neighborhood they will have if all those homes get fixed up and turned into cheap rentals. At least someone is taking action and not sleeping through endless ridiculous meetings that get this city nowhere.
Monday, Oct 6 at 11:06 AM Anonymous wrote ...
How about some businesses like Rockwell and Aegon step up to the plate and get this guy some seed money? He's got the right idea to move progress in his neighborhood forward!
Monday, Oct 6 at 10:29 AM Kudos Frank ! wrote ...
Frank King is what this city needs more of, not afraid to do something !! City Council take note !!
Monday, Oct 6 at 8:49 AM Anonymous wrote ...
I think that if people want to sell their homes it is their concerns, yes it is sad to see the NW side really go, but you have to remember, our childrens future, what do they need to remember the flood
Monday, Oct 6 at 8:02 AM anonymous wrote ...
This is fantastic of Frank King. However, so far he has promised to buy 10 houses with this association but at the moment has no money to actually buy them? Did I read that right?
Monday, Oct 6 at 4:58 AM Anonymous wrote ...
Here's a man who probably stays awake during the day.
Sunday, Oct 5 at 10:05 PM Anonymous wrote ...
Applause for Frank King! What a great idea. You should run for city council. We need more people like you.
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