Woodbridge Estates is debuting two new condominium models on Feb. 16 and has announced a new HOPE VI grant program that can contribute up to $75,000 of a home or condo's purchase price.
The Supremes are three-bedroom townhouse units with ground-floor garages below two stories of living space. The 1,276-square-foot units are listed at $187,900 before applying any grant funds.
The Simms, which come in two- and three-bedroom styles, are side-by-side duplexes with garages in the rear and full basements. The before-grant asking price for the two-bedroom unit is $177,900.
The HOPE VI program contributes up to $75,000 towards the purchase price for a first-time home buyer; the grant amount is dependent on the applicant's income and the purchase price. Some lenders that Woodbridge Estates is working with are offering other incentives, such as contributions towards closing costs.
Todd Craft, the development's sales manager, says the neighborhood is attracting Wayne State University staff, Detroit Public Schools teachers and medical professionals from the Detroit Medical Center. One of the draws is that the neighborhood is mixed-income. "There are 28 condos, and only 12 of the 28 are in the HOPE VI program," he says. "Someone is getting the grant, and someone who doesn't need it is buying right next door."
All Woodbridge Estates homes feature R17 insulation, 30-year roofs, high-efficiency furnaces, central air and double-pane windows.
For more information about the new townhouses and other single-family homes that are available at Woodbridge Estates, visit the on-site sales office, which is open from 11 a.m. to 5 p.m. daily.
For more information, call 313-833-6360 or email [email protected].
Source: Todd Craft, Woodbridge Estates
Writer: Kelli B. Kavanaugh
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