Foreclosures drop locally
Oklahoma City's foreclosure rate decreased in March compared with March last year, Santa Ana, Calif.-based CoreLogic reported this week. CoreLogic said that 2.22 percent of mortgage loans in the metro area were in foreclosure, a decrease of 0.08 percentage points from March of 2011's rate was 2.3 percent. Nationally, 3.41 percent of mortgage loans were fin foreclosure in March, CoreLogic said. However, CoreLogic said the mortgage delinquency rate increased in Oklahoma City, with 4.85 percent of loans 90 days or more delinquent compared with 4.59 percent in March 2011, an increase of 0.26 percentage points.
City to get brownfields grant
Oklahoma City will receive a $350,000 grant from the Environmental Protection Agency Brownfields Program to perform 45 Phase I environmental site assessments and a comprehensive Phase II environmental site assessment at the Core to Shore Park site, a planned public-private revitalization of 690 acres from downtown south to the Oklahoma River. To start, Oklahoma City has begun acquiring properties for a 70-acre, $130 million civic park. The properties are in areas with past industrial activities.
Tax credit reservations OK'd