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Kokomo. IN 453-2539LEGAL NOTICESALES INVITATIONYOU ARE INVITED TO SUBMIT A PURCHASE PROPOSAL FOR PRAIRIE-MIDDLEBURY VILLAGElocated at 740 Prairie St., 150 Division. 310 Division St.. 169 State St., 422 State St.. 625 Middlebury, 525 Middlebury. 204 Mid-dlebury, and 921 Madison in tho city of Elkhart, Elkhart County. Indiana.The U.S. Department of Housing and Urban Development invites Purchase Proposals for this project to be tendered in tne manner indicated. Instructions for preparing a Proposal must be obtained from the address below. To qualify for consideration each bid submitted with the Proposal shall be firm, unconditional, responsive, fixed in one a mount certain and not in an alternate form.MINIMUM PRICE $1,162,600MAXIMUM MORTGAGETO BE INSURED $1.045,800This project contains 194 dweeling units. Housing Assistance Payments for a term not to exceed 15 years under the Section 8 Existing Housing Program for the Disposition of HUD-Owned Properties, will be provided for 194 dwelling units in this project.HUD will insure a 30 year mortgage atO1^ intereste under Section 221 (d) (4) of the National Housing Act on request of a HUD-approved mortgage. Purchaser will pay the mortgagee at closing the intitial (annual) mortgage insurance premium of 4 of 1 percent of the insured mortgage amount. HUD will pay finance charges, including a mortgage discount if necessary, plus attorney’s fees, cost of title evidence and other customary closing costs.DETERMINATION AS TO HIGHEST BID, AFTER DEWTERMINATION OF ACCEPTABILITY OF PURCHASE PROPOSALS. WILL BE ON THE BASIS OF THE HIGHEST NET RETURN TO HUD.No consideration will be given to a proposal submitted by any bidder currently suspended or debarred from participating in HUD programs.ai rn nine vtii i rvt nirmvrn
Newspaper Details
Tribune
Tipton, Indiana, US
Wed, Mar 28, 1979
Page 10
Full Page
Clipped by
Elkhart P.
IN, USA 22 Feb 2024
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