Back in June, we wrote about an eleven-unit affordable housing project from Community Ventures in cooperation with South Philadelphia H.O.M.E.S. in Point Breeze. In case you don’t feel like (re)reading 800 words from six months ago, the key takeaways are: Community Ventures is building really nice looking homes for low-income buyers, but they are costing taxpayers WAY too much money. As the months have passed, the developer has made quite a bit of progress at the two sites. And you would hope so, considering that it’s costing $345K to build each home.
We’ve heard whispers that the homes will be sold at a higher price than originally expected, but we have not yet gotten confirmation on that. But hey, why wouldn’t the developers sell them for a higher price? They look wonderful. And oh yeah, there’s a classy new establishment that just opened a block away!
Oh yeah, that whole “the RDA gave us the lots for nothing and therefore we can only sell the houses to families earning up to $75K per year” thing. Slipped our minds.