Montana Street represents the most significant residential housing Mt. Airy CDC has ever developed, replacing a quarter block of distressed houses in East Mt. Airy with new homes for low- and moderate-income first-time buyers.
| TYPE: | New Construction |
| USE: | Residential |
| DEVELOPMENT CONFIGURATION: | 11 units – single-family attached townhomes Average unit size 1,244 square feet Average lot size 1,899 square feet Two-story, 3-bedrooms and 1½-bathrooms One unit design for wheelchair accessibility One unit designed for individuals with hearing or vision impairments Off-street parking, appliances included, hardwood floors first level |
| MT. AIRY CDC INVOLVEMENT: | Site acquisition – 0.48 acre site Feasibility & planning Site subdivision Regulatory & approvals Development, construction, & contract management Marketing & sales -Targeted population moderate income families -Leverage Mt. Airy CDC’s housing counseling through its certified housing counseling program to identify low and moderate income buyers and first-time home buyers |
| FINANCING: | Montana LLC, a wholly owned subsidiary of Mt. Airy CDC acquired the site via a Sheriff’s auction Debt financing using Mt. Airy CDC’s line of credit |