Thursday, March 14, 2013

A Rehabilitation Tax Credit success story

before
after
before
after
What a turn-around the project at 2822 Madonna has been.  This house was a terrible eyesore and a constant source of problems (numerous police reports).  Mark Gravel purchased the property, and using tax credits to help defray some of the costs has brought the house to the point you see.  There's still some work to be done such as repair roof damage from the tornado and build a carport.
 (View this photo album for many more before and after views)

This is a typical Rehabilitation Tax Credit success story - creating an incentive to improve neighborhoods while enforcing a high standard of rehabilitation.  We want more people to know about it and take advantage of it.
Everyone wins on a project like this...The final great news for the neighborhood is that along with the fantastic property turn-around, great new neighbors will be renting this home.  The new neighbors are returning to Alexandria from Connecticut and will be moving into 2822 Madonna on March 18.

We say ... Welcome home!

before
after

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