New housing coming to city land - WALB.com, Albany News, Weather, Sports

New housing coming to city land

February 20, 2007

Albany --  A private developer plans to build 200 new homes in Albany within the next couple of years.   The National Baptist Convention of America will partner with private investors to buy 200 vacant lots from the city this week for about $900,000. They plan to build homes on those lots for low to moderate income families within the next two years.

Homes will vary in price from about $80,000 to $130,000. The homes are being built on land that the city took possession of after the flood. The ones being built in the flood plain will be elevated so they'll be protected in case of another flood.

They'll not only provide housing opportunities but also bring jobs to the area. Developer Dr. Russell Odom said, "Create jobs, improve neighborhoods, create business opportunities. We provide a strong home ownership buyer education program."  

Most of the houses will be single family developments, though there will be some town homes and possibly some multi-family units. Because it is a mixed income development Dr. Russell Odom says the neighborhoods will appreciate in price.

If you are interested in being a construction partner or want to find out how to purchase one of the homes, contact the office of small and disadvantaged businesses.

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