Jones Street Fire, 2012

516 E. Jones Street suffered a catastrophic fire on April 18, 2012. The insurance on the property would not have covered the cost of restoration, only demolition and rebuild (which was cheaper). To save the second oldest house in Oakwood, the SPHO made a loan to help cover the owner's cost of full restoration. Once renovations were complete, the loan was repaid when the home qualified for traditional bank financing.