December 05, 2017 09:22 PM
(ABC 6 NEWS)- New jobs are popping up every day in Rochester, the upside of a growing economy.
But where do those people go home at night?
"Homes First" is chipping away at the housing crisis from a different angle... today addressing a new market.
It's a groundbreaking ceremony...aimed at "breaking" into an under -supplied market.
“Well under $200,000. That’s a market in our community we really need to address,” said the President of the Rochester Area Foundation, Jennifer Woodford.
Three new homes will be built in Southeast Rochester.
A builder and a developer teamed up with First Homes (a subsidiary of the Rochester Area Foundation).
Together, they hope to make housing more attainable for families.
“We feel strongly that families that have been struggling to reach that goal of home ownership have this opportunity,” said Woodford.
The builder, Steve Overton, and developer, Damon Doty, have already built three similar homes around the $200,000 mark.
“It’s actually three bedrooms, two full baths,” said Overton. “The kitchen - we are doing backsplashes and nicer finishes.”
The idea is to encourage other stakeholders to ...
“Say ‘You know what? I'll take that risk,’ and say 'I’ll build these homes at this price point',” said Woodford.
The homes will be sold to "income qualifying" buyers, meaning their income has to be under a certain threshold.
“It’s for the workforce,” said Woodford. “We have so many jobs that are being created every day … but we don't have a place for everybody to live.”
With the amount of interest so far, First Homes believes they will all sell before construction is even complete.
Updated: December 05, 2017 09:22 PM
Created: December 05, 2017 07:23 PM
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