roof repair, a façade repair. Those repairs are small today. When
they are not done, they become very big in 10 years, 20 years. That's how
blighted properties become blighted. People just throw up their hands and
just can't do anything. It is a $30,000, $40,000 repair. He stated that they
can address that by getting to it faster when it is only a $4,000 repair. A
$7,000 repair. They can do revolving loan funds. They can get creative.
The idea of this plan, and he is just speaking for himself and want to
publicly state what he was thinking. If they bump up the deed transfer tax .5
percent, the scenarios that have been run it would raise about $2.3 million
a year. That would enable the city to have a reliable source of revenue that
they can actually get some of this work done in the city. By addressing
blighted properties, you are also indirectly addressing quality of life or
indirectly addressing crime in those kind of situations. It is something
where he believes not only they are getting because they can't control when
a property goes on the MLS, they can't stop an investor from buying it. You
can't. If the city of Allentown is focusing on the blighted properties then they
can focus on making sure it reaches the homeowner through a deed
restriction. Through different avenues and being creative. That is how we
increase homeownership. If this city continues to become a city of
investors and rentals, in 20 years, 10 years, 15 years it is going to continue
to contribute to the issues that we are facing of quality of life, and those
issues that are plaguing current homeowners. That is why he believes this
is an opportunity to really address those issues along with affordability. He
believes that they can use this reliable source for revenue for actually
helping qualified homeowners get to the finish line at settlement. If they
need some gap funding. If they need $4,000, $6,000 to get them that
home, the city can help. He rather see that home with a family living there
who owns a home versus another rental. He stated that they need rentals in
the city and they are getting to a point where they will have too many. He
stated that he knows him, but when was the last time any of them washed a
rental car. They have to make sure that they don't become a city of rentals.
He stated that homeownership is really important to him and he believes
they can address that with a program that has a reliable source of revenue
and they can actually use helping real people in Allentown live in Allentown
and not have to rent and deal with rent increases. He stated that is
something that he wanted to mention publicly. He has spoken with
President Mota about it. He has spoken with Ms. Affa. He just wants to
say it again, lastly is that they have to do something. It has been neglected
for decades and our stock is crumbling around us. They know and see it.
They just have to do something. He stated that he is looking at this as an
opportunity to finally address some of these issues and make an impact on
our residents and our city.
Dr. Cynthia Mota thanked Mr. Napoli and stated that she agrees with him.
They need perhaps a housing committee to be able to work on this. She
stated that she feels the same way. She knows that there was or that there
is programs as the first - time homebuyer from Community Action. She
doesn't know if they still have that. She asked if there is anyone from