CHI Awarded $400,000 from New York State to Produce Single-Family Affordable Houses in Westchester.
In Westchester County, “affordable single-family house” is an oxymoron like “jumbo shrimp.” It hardly exists. But Community Housing Innovations is convinced it can produce a brand new 1,500 square foot, three-bedroom, two-bath house for less than $100,000, plus site work and land costs.
The New York State Affordable Housing Corporation has approved the concept, along with an award for $400,000 in down payment assistance, which will go to at least 10 qualified first time homebuyers with household income at or below about 90% of the Area Median Income, adjusted by family size. That’s about $95,000 for a family of four.
The secret is manufactured housing, completed in a factory down to the towel rods and curtains. While they are constructed in the same factory and with the same quality as modular homes, manufactured homes meet strict federal HUD codes instead of local codes, which vary and add cost. The homes CHI is considering for Westchester County are Energy Star® rated, which means they include high-efficiency boilers, windows, insulation and appliances. CHI is in the process of identifying lots for the homes, which it will purchase and develop as single-family houses with a target price of $250,000.
CHI executive director Alexander Roberts recently went to a manufactured housing show to check out some of the latest designs, which will be available to first time homebuyer applicants.
If you are interested in applying for the homes, which will include grants of up to $40,000 each so they will sell for $250,000 or less, just note your interest and apply here.