TruVest Breathes New Life Into Bayard Park Affordable Homes Redevelopment
Imagine Bayard Park as a new neighborhood with affordable renovated and new homes.
Press Conference: December 17, 2020, 9 AM @ 520?Bayard Park?Drive?Evansville, IN 47713
See the redevelopment here >>> Bayard Park
Bayard Park in Evansville is among many communities in Southern Indiana that have been plagued with poor housing projects and unreliable contractors that make it difficult for residents to build and maintain a higher quality of life.
TruVest has been collaborating with the Evansville community over the past 3 years. Making an impact by building sustainable homes and setting a benchmark for removing obstacles that prohibit homeownership.
Our next big project - revitalizing Bayard Park Drive with TruHome, The City of Evansville, through The Department of Metropolitan Development, The Affordable Housing Trust Fund, and the Evansville Promise Zone that will improve the neighborhood along with the quality of life for each family living on the block.
After a decade of negative overall demographic trends, Evansville's population and the household base has grown since 2010 and are projected to remain positive through 2025.
Evansville, a strong community built on culture and history, will see a population and household increase of nearly 1% over the next 5 years.
The Plan - In Phases
In order to deliver the greatest impact possible, they're grouping their development into four phases.
TruVest already broke ground in Evansville, enacting their four-phase plan to rehabilitate homes and breath new life into the Bayard Park Drive neighborhood.
Phase 1:
Currently active, phase one involves the rehabilitation of four existing homes in the Bayard Park neighborhood. It's TruVest mission to keep the existing charm of original homes and spaces while updating for structural security and beautiful design.
Phase 2:
Phase 2 will consist of four new homes built from the ground up on existing land. Homebuyers will have the options of 3 bedroom/2 bath and 2 bedroom/1 bath homes.
Phases 3 and 4 will consist of all new built homes.
TruVest is thrilled to be able to support Evansville's growing community from the ground level, building beautiful homes and spaces to last for many generations to come.
"We were living in a rundown house that we were renting and paying $750 per month. Now I own my own TruHome for less than $500 a month, and my kids have their own rooms for the first time."
- Mackenzie P., Homebuyer
This is just the beginning. Bayard Park will serve as a groundwork for what's possible in similar areas locally and across the country that has been plagued by external factors for decades.
Ryan DeMent
TruVest
+1 812-777-5850
ryan@truvest.co
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TruHome Trucks Hitting the Road
We could not be happier with how our Logo looks on our trucks! Be on the lookout for us around Evansville and the surrounding areas! Please follow us on FaceBook!
Are You Ready to Take Control?
As each one of us navigates this new daily life there is a lot of uncertainty what tomorrow will look like. Please take a moment each day and be thankful for your loved ones! Today, we got some good news that the Senate has passed a $2 Trillion Stimulus Bill. At this time there is very little information out there on how these funds will help small businesses and households. Right now we are on edge and want to know when this will all end.? How do we get through this? We go on the OFFENSE! In a time like this, we all need to ensure our basic needs are covered. How do you get those basics covered??
- Determine what you need to live on a monthly basis
- Rent, mortgage payment
- Utilities
- Food
- Car payment
- Health Care?
- All other bills
- Are you eligible for unemployment benefits?
- If yes, make sure you apply immediately
- If no, are you eligible for other State or Federal assistance
- Contact your Landlord or Mortgage Company
- Ask for a deferment or forbearance for your monthly payment
- Determine what option works best for your situation
- If you need HELP please call us at (812) 777-5850 or email us at Ryan@truvest.co. Free of charge!?
TIP: Deferred/forbear payments-Options
- Deferment- Could be moved to the back of your loan or rental agreement-Extended terms
- Could increase your monthly payment
- Forbearance- You will not have to make payments for a period of time
- Payments can be moved to the back of your loan OR
- The payments will be added to the balance of your mortgage or rent.
- This option could increase your monthly payment
- Contact other creditors
- Ask if they offer deferment/forbearance/hardship programs
Next Steps: Side Hustle
Stay tuned!
TruPodcast-Chasing Happiness
TruPodcast Episode 1
We are excited to be re-launching TruPodcast. The TruPodcast is going to cover three life topics:
- Chasing Happiness
- Business-Real Estate included of course
- Failure- How it is not a four-letter word, and how we can grow from our failures
In this episode, our guest is Alex Burton the President of the Evansville City Council. We discussed what drives his happiness, and how it took numerous times to be elected to City Council (Persistence), and his passion for Evansville! Hope you enjoy and please subscribe!
Affordable Housing Project Aims to Revitalize Jacobsville Neighborhood on 44 News
Our affordable housing collaboration officially launched in?Evansville, Indiana?with Mayor Lloyd Winnecke?and?Evansville Promise Zone. We are thrilled to have such amazing coverage by?44News?on how we are making an impact on families quality of life by owning a TruHome.
The Promise Zone and a company called TruVest are partnering to not only create affordable housing in Evansville but also create homeownership opportunities for the people living there.
Instead of knocking down homes, and building new ones, TruVest is renovating blighted homes in the Jacobsville neighborhood. At the same time, those who need affordable housing will have the opportunity to actually own homes instead of renting them.
This partnership will help provide first-time homeowners with the tools they need to keep their credit up, continue to pay mortgage payments and all the other things that go into owning a home.
TruVest co-founder Peter Bordes says, ?We?re going to find a balance between what we renovate, and then what we do helping the land bank taking those empty lots, and then developing new homes on them, but always with the idea that we?re not looking to gentrify neighborhoods, and we?re not looking to make the prices go up. We want to be able to keep them in line with the integrity of the neighborhoods.?
Mackenzee Pagett and her two children will be moving into this first house within the next few weeks. She tells 44News Evansville she?s very excited being a first-time homeowner.