Currently a 7+ acre site on Meridian near the corner of Azalea, just off Cosgrove, is under contract and under due diligence. 1 ½ acres is buildable high ground on which 20+ condos could be constructed to create an opportunity for affordable homeownership for community residents, with deed restrictions to protect long term affordable housing. With down payment and closing costs grants for qualified buyers, the plan is to create an opportunity for homeownership that is accessible for a family making $40,000+ annual household income, with total monthly payments (principal, interest, taxes, insurance, condo regime) under $900. In addition to the direct financial and emotional benefits of homeownership, protection against being relocated from their neighborhood, and a fixed principal + interest monthly payment (vs rising rents) for these 20+ families, it also benefits the greater community through pride of homeownership and increased involvement in the good of the greater community.
There is also a 50 ft buffer along the wetlands for a small community green space for the benefit of residents of The Hub and Accabee. (Possibilities would include playground equipment, picnic tables, half basketball court.)