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New East Side Traffic Study |
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The City of
Denver's East Side Mobility Plan will identify ways to
improve mobility in the area from I-70 to Leetsdale Drive,
between Monaco Parkway and Yosemite Street. The nine month
planning effort will make recommendations for
improving vehicular, pedestrian, bicycle and transit
movement in this area. Ideas will be solicited about the traffic
problems within the "East Side Travel Shed" from I-70 to
Leetsdale Drive and between Monaco Parkway and
Yosemite Street. The ESMP will identify ways to improve
movement through the area, by foot, bicycle, car or bus.
A citizen's advisory group has been formed, and GWHOA will be represented by Paul Hoskins: paul_hoskinsengineering@comcast.net.
More at www.denvergov.org/eastside.
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Buyer Tax Credit extended |
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A new Senate proposal will offer a first time home buyer tax credit extension to homes under contract by April 30, 2010. The former deadline was November 30, 2009. The home buyer tax credit will also be offered to people who have lived in the same home for five years.
Homeowners who buy a new home qualify for a $6,500 credit if they have lived in their prior residence for five years.
The new incentive expands the credit beyond first-time homebuyers. Lawmakers have said they want to keep home sales from slipping as the market struggles to recover from the worst drop in home prices since the Great Depression. The plan extends the homebuyers credit to home purchases under contract by April 30, 2010, with another 60 days allowed to close the sale.
The credit is available to individuals earning up to $125,000, or $250,000 for couples, up from $75,000 for individuals and $150,000 for couples under the previous plan.
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We Have a New School!
"The Denver Green School"
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It's official: Fallis Elementary will become The Denver Green School in 2010! The Performance School will serve about 550 E-8 students at capacity; will implement a flexible, student-centered, standards-based curriculum that will emphasize hands-on and project-based learning with an emphasis on environmental sustainability; will open in fall of 2010 with about 240 preschool-2 and 6th-grade students. Students who live in the Mayfair community portion of the Denver Green School boundary will have a choice preference to attend Lowry Elementary School for grades three through five and Hill Middle School for grades six through eight, until Denver Green School reaches full grade capacity. Read all about it at The Denver Green School Website.
How to get involved: Parent and community involvement is a big component of this program, and one of the reasons our neighborhood was selected. The Green School is already planning a series of community meetings to answer questions and build a support network. Come to one of these events to learn more!
Answers to Frequently Asked Questions about The Denver Green School.
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FHA-insured Mortgage Helps Senior Buyers
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Now hombuyers 62 or older have a new way to purchase their ideal retirement home: by combining a reverse mortgage
with the proceeds from their current home sale or other assets.
A "Home Equity Conversion Mortgage". For example:
Mr. and Mrs. Jones, both age 74, want to buy a more accommodating smaller home. They have $101,920 in proceeds from the sale of their home. Combining this with a $198,080 reverse mortgage, they are able to purchase a new home for $300,000 -- and have no mortage payments!
A good option for seniors who want to:
- Buy a new home without taking on a new mortgage payment
- Downsize to a smaller, easier-to-maintain home
- Relocate closer to family members or friends
- Purchase a home in a senior housing commmunity
- Move into a home that's easily accessible with modern amenities
- Purchase a primary residence suitable for their current needs
Call me for more information 303-888-3504, or contact me by email.
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Home Sales Record Big Gain, Inventory Shrinks |
Driven by the first-time buyer tax credit, existing-home sales showed another big gain in October with a strong uptrend established over the past seven months, while inventories continue to decline, according to the National Association of Realtors®.
Single-family, townhomes, condominiums and co-ops surged 10.1 percent to a seasonally adjusted annual rate1 of 6.10 million units in October from a downwardly revised pace of 5.54 million in September, and are 23.5 percent above the 4.94 million-unit level in October 2008. Sales activity is at the highest pace since February 2007 when it hit 6.55 million.
Lawrence Yun, NAR chief economist, was surprised at the size of the gain. "Many buyers have been rushing to beat the deadline for the first-time buyer tax credit that was scheduled to expire at the end of this month," he said. "With such a sale spike, a measurable decline should be anticipated in December and early next year before another surge in spring and early summer."
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