Affordable project enters third phase.
Known as Heron Pond III, the ten-home development is the third phase of new affordable housing in this neighborhood targeted to middle-income families.
The homes combine afford-ability with luxury amenities such as closet space, private back yards and off-street parking. They start at $289,000 and potential homeowners should have a minimum annual income of at least $55,000.
Qualified homeowners will be eligible for a 421 (b) tax exemption, providing for partial real estate tax abatement. The homes will be ready for occupancy in summer 2004.
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|Title Annotation:||Residential Construction News|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Dec 31, 2003|
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