Construction Begins on Affordable Housing Development in Largo
Five new homes will be built in a former mobile home park, according to Largo Housing Manager Matt Anderson.
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The first home is under construction in a proposed five-home affordable housing community in the Eleanor Oaks subdivision on Fourth Avenue Northeast in Largo.
The City of Largo is working with the Largo Area Housing Development Corporation to turn a "dilapidated" mobile home park into a affordable housing community. Previously, the mobile home park's residents were provided assistance in relocating, and the mobile homes were demolished, Largo Housing Manager Matt Anderson reports.
The bungalow houses will have "green" building features, including metal roofs, Energy Star appliances, insulated windows, underground utilities, high efficiency air conditioning and previous sidewalks and driveways, Anderson reports.
The first home should be complete in March. The three-bedroom, two-bathroom home will have a one-car, rear-facing garage. The first home's construction will be financed by Pinellas County Community Development. Construction of the second home will start once the first home has a buyer, Anderson reports.
Contact the City of Largo for more information on its housing purchase and repair programs.
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Avion49
6:43 am on Wednesday, November 21, 2012
Could someone please explain to me how a home starting at around $162k is considered "affordable"?
Melissa Lattman
8:56 am on Wednesday, November 21, 2012
Great question! One way of defining affordable housing is to take the area's medium income and multiply by 3 and that's the max. mortgage amount. Based on a family of four in Pinellas County 100 percent of the area income is $56,400, which times three makes $169,200. Thanks to Pinellas County Housing Authority for your assistance with this information.