Nathans Ridge, currently being constructed at the intersection of Old Jennings Road and Discovery Drive, is a $28.5 million multi-family rental housing project that will add 192 units of workforce housing to Clay County.
Of the new units, 95% will be reserved for people making less than the area median income, which for a family of four would be just under $45,000.
“Affordable housing is an issue right now, but it’s only going to be come a more critical issue as we progress,” Renninger said.Renninger said the county has approved 354 affordable housing units in the county in the last two years. According to data from the Northeast Florida Association of Realtors, the median sales price for a home in Clay County last month was $345,000. That’s up over 25% in the last year.And with interest rates and labor costs expected to rise in the coming years, Renninger said he will continue to push for more projects in the future.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Telling Alaska’s Story: A Native artist uses local clay to revive an old traditionAlaska Native artist Ed Mighell’s work is a nod to a tradition that goes back thousands of years, one he he feels lucky to revive. Mighell said the art tiles he creates are part of a history of ceramics in Northwest Alaska that had all but died out.
Read more »
New Report: Texas Among Worst States for Available Affordable Rental HousingA new report shows Texas is among the worst states in the country for renters looking for an affordable place to live.
Read more »
Winter Park Resort waiting on final approval for construction of workforce housing complexWinter Park Resort is one step closer to breaking ground on a new workforce housing complex near the base of the resort, officials announced Tuesday.
Read more »
Cook County Sheriff Tom Dart to set up River North command post to curb shootingsThe Cook County Sheriff's Department plans to set up a new command post in Chicago's River North to curb shootings and crime in the area.
Read more »