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PANAMA CITY Malachi, a 4-year-old Egyptian Mau cat, always had loved to be in high places, which made his rescue home in the once-canopied Cove the perfect start of a new life when he was adopted at 6 months old, a month before Hurricane Michael blew through the area.
“He loved to run up in a tree as far as he can get,” said his owner, Sharon McDonald. “Because he was born in a box, he loved being outside. He loved his freedom.”
But just as the canopy disappeared in the Cove following the Category 5 hurricane, so went the speckled silver and black large cat. It would be almost three years until the indoor-outdoor feline was found.
“We’re really setting up those buyers for success,” said Assistant City Manager Jared Jones. “You’re getting an additional $70,000 in savings for a house that typically if you build, that builder would release the house and what it appraises for, it sells for.”
The savings Jones referred to was the $25,000 to $50,000 in down payment and closing cost assistance made available through RehouseBay, which was formed as a response to critical housing needs following Hurricane Michael in 2018. He listed flooring, granite countertops and stainless-steel appliances as an additional $20,000 built-in equity.
“We were able to keep prices steady throughout construction of this, and we’ve really insulated our future buyers against the labor, materials, fuel, everything that has seen drastic increase in prices over the last six months,” Jones said. “This is a really good deal because if you were to appraise them next month, they would be at an even higher value.”