32 brand-new affordable town-homes were built by the City in May 2012 at 1345 Turk Street designated for Certificate of Preference (COP) holders. As of Oct 2012 there are only 2 remaining units with no COP holders moving in.
By chance, the Mayor’s Office of Housing (MOH) is also managing an unused 4-million dollar fund set aside for home ownership in Fillmore.
In 2012 lenders required the highest credit scores in a decade, regardless COP holders were turned away at 1345 Turk Street because they could not secure a bank loan. With a 4-million dollar fund loan money for 13 town-homes could have been provided by MOH.
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