The Delray Beach Housing Authority is continuing on the next phase of Village Square, which will feature 54 affordable townhomes for sale.
The 3-acre site was purchased in 2004 in partnership with the City of Delray Beach and Community Redevelopment Agency for $762,000 including legal fees and title work, for the purpose of creating homeownership for low and moderate-income families.
The plans include a mix of 2 and 3 bedroom units ranging in size from 1,410-square feet to 1,650-square feet under air conditioning with garages. The homeowners will enjoy a cabana and pool as recreational amenities, and all units will gain access from the rear through an improved alleyway, providing security and privacy for the individual owner.
DBHA is currently in the planning process, preparing to submit for Site Plan Approval and building permits. It is estimated that construction will begin within the next 12 to 18 months.
“Our properties provide low-income working families a place to call home,” said housing authority president Dorothy Ellington. “By providing families with the space they need and services that help parents and their children thrive, we help build communities.”
According to the U.S. Department of Housing and Urban Development, families who pay more than 30 percent of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care. An estimated 12 million renter and homeowner households now pay more than 50 percent of their annual incomes for housing. A family with one full-time worker earning the minimum wage cannot afford the local fair-market rent for a two-bedroom apartment anywhere in the United States.