By the numbers: new home construction
*Includes Darke, Greene, Montgomery, Preble counties; northern Warren and Butler counties; and part of Miami County
166 building permits issued in April for single family homes, apartments and condos; 149 permits issued April 2012
509 total new residential construction permits issued January to April, up from 477 for the same months of 2012
1,715 total residential building permits issued in 2012
SOURCE: Home Builders Association of Dayton
St. Mary Development Corp. and Miller-Valentine Group, together with Greater Dayton Recreation Center at Roosevelt Commons, hosted a community open house Wednesday to celebrate development of 43 new affordable single-family homes built in the neighborhood.
Construction started last year on the approximately $4.9 million project to build 43 new single family homes in the area of West Third Street past North James H. McGee Boulevard. The houses were built in place of demolished vacant homes.
The houses are offered lease-to-own with qualified renters having the chance to buy the house at a market discount after 15 years. Renters qualify based on income levels. It is intended to help people who cannot buy a house on their own today attain homeownership in the future, officials have said.
All 43 houses are built, and so far 40 homes have signed leases, Bob Saffin, senior project manager for Miller-Valentine Residential Construction, said in an email.
At Wednesday’s event, Miller-Valentine showcased two of the newly-built Roosevelt Homes on West Second Street. The houses have up to four bedrooms, two full baths, walk-in closets, washer/dryer connections, central air conditioning and two-car garages, according to event organizers.
Interested tenants can apply by calling Miller-Valentine’s Dayton Single Family Homes office at (937) 296-0666, or going online to www.YourNextPlaceToLive.com.
Plans for a second phase, Roosevelt II, to build 30 additional homes in the neighborhood, is waiting word on tax credit approval, said Tim Bete, executive vice president of St. Mary.
The Roosevelt Homes project was funded by a mix of federal stimulus money and tax credits — a group of large corporate investors pay most of the project’s cost in exchange for the credits.
St. Mary Development is a nonprofit developer of affordable housing in the Dayton area.
Miller-Valentine is a real estate firm that does commercial and residential property management and construction.
Greater Dayton Recreation Center is operated by the city.
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