Subdivision Ceremony Celebrates Homeownership in Missouri

Sedalia, Mo. -- Macie Houston, Regional Director for the U.S. Department of Housing and Urban Development was presented a special proclamation by Governor Bob Holden designating June as Homeownership Month at a special ceremony in Sedalia, June 27.

The ceremony highlighted the opportunities available to Missouri citizens to own their own house and was held at the home of Terry and Terrace Douglas in the Cambridge Village subdivision off 32nd Street in Sedalia. 

Erica Dobreff, MHDC Executive Director was on hand to present the proclamation.  Sedalia Mayor Robert Wasson and local representatives from 3^rd National Bank and the U.S. Department of Agriculture Rural Development were also present at the ceremony. 

The Cambridge Village subdivision is being developed by local developers Nolan and Peggy Sparks of Sparks Acres Development through the Missouri Housing Development Commission’s Rural Subdivision Infrastructure Program.  The Rural Subdivision Infrastructure Program provides financing at a favorable rate of interest to for-profit and not-for-profit developers to encourage new home construction in rural areas of Missouri.  The loan may be used for acquisition of land and installation of sewers, utilities and streets. 

The Sparks agreed to sell 51 percent of the homes in the subdivision for $105,000 or less.  All homes must be priced at less than $150,000.

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