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Green Homes to Spring Up Amid Detroit Cheap Homes

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By : John Cutts    99 or more times read
Despite the prevalence of Detroit cheap homes, the city has supported a housing development that will include single-family homes, co-op housing for senior citizens, rental homes and commercial units.

The housing project, called Gardenview Estates, is located at the former site of the Herman Gardens public residential project – an area where there are a lot of cheap foreclosures for sale.

The developers said they know the record numbers of properties entering foreclosure auctions in Detroit and the price competition that these bargain-priced properties impose on new projects. But they insist there is a market for green homes.

Besides, the project has been affirmed and supported by the city of Detroit, the Detroit Housing Commission and the U.S. Department of Housing and Urban Development. One of its loftier goals is to replace the World War II public housing facility with a mix of energy-efficient affordable housing and rental homes for senior citizens and lower-income families.

The green single-family homes would be sold at prices that start at $140,000 and would cater to the housing needs of people with different levels of income. While certain investors and owner-occupant buyers may prefer buying from the large inventory of Detroit cheap homes, buyers who are conscious about the environment and the redevelopment of older housing projects will welcome projects like the Gardenview Estates.

According to the three developers involved in the project, similar projects in Detroit like the Jefferson Village, Victoria Park and Clairpointe have been sold successfully. The developers – William Phillips, William Richardson and Dwight Belyue – have worked together over the past ten years on various urban development projects.

The project has been honored by the Building Industry Association of Southeastern Michigan with its Development of the Year award and has been awarded by the city with various buyer incentive programs.

Buyers of units at Gardenview Estates will be granted tax abatement under the Neighborhood Enterprise Zone development program and down payment assistance from the City of Detroit Home Funds.

The homes will all be three-bedroom units with two price levels: the smaller home lots will sell starting at $140,000 and the bigger home lots will sell starting at $180,000. Green-construction standards like the use of energy-efficient roofing materials, furnaces and insulation will be applied.

According to the developers, the project can compete successfully with Detroit cheap homes through its efforts to provide a sustainable neighborhood for families.

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