The walls are framed and the roofs are on! Three new single family homes on Stahelin Street in N. Rosedale are fully under construction and will be complete by May. "The siding and shingles are not up yet, but they look like houses," says Tom Goddeeris, executive director of the
Grandmont Rosedale Development Corp. "We started in December, less than a month ago, but we're really moving fast." He anticipates the homes being ready for walk-throughs in March.
The 1,300-square-foot homes will have three bedrooms, 2 1/2 bathrooms, full basements, attached garages and appliances and will be available to income-qualified buyers for $110,000. Down payment assistance of $20,000 can mean a buyer is actually making payments on a $90,000 mortgage at the end of the day.
"People looking to buy right now; it's a good time to buy," says Goddeeris. "The value of this purchase is great." The construction cost of each home is $180,000, which was subsidized by City of Detroit HOME funds and Community Development Block Grant dollars and the Development Corporation of Wayne County. Construction loans were provided by the Michigan Interfaith Trust Fund and Detroit LISC.
Interested buyers should contact Martina Orange at GRDC. She can be reached at 313-835-8190 x108.
Source: Tom Goddeeris, GRDC
Writer: Kelli B. Kavanaugh
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