According to the developer, Courtney Mcray, the historic tax credit application has been submitted, financing is in place and work should begin shortly.
The first phase will rehabilitate the building located at 4100 DeTonty. The completed building will be listed at around $150,000 as an affordable housing unit which will have an income requirement. The home will be completely renovated and include 3 bedrooms and 2.5 baths. The home will be about 2200 sq. ft. The home will have hardwood floors, an open kitchen, second floor laundry, walk out porch, etc. The home will also have a two car garage.
In addition, two NEW construction townhouses will be built on lots 5/6 (approximately) on DeTonty. The homes will be around 2200 sq. ft. Pricing to be determined. The homes will have a large open floor plan with a kitchen, breakfast area and family room all combined. The home will have 3 bedrooms and 2.5 baths. The home will have a large master suite with 2 walk-in closets and a large master bath.
Once the rehabilitated home is complete and sold and the two townhouses are complete and sold, multiple single family units are planned to fill in the gap. Long term, additional townhouses and single family homes are planned for the remaining lots to the west.
Thanks to Alderman Conway and CDA for working on the project.
