Thursday, June 23, 2011

Crown Homes Breaking Ground

Construction began earlier this week on 9 new homes in Beloit. The Crown Homes building project being lead by Manske & Associates of Wichita will provide workforce housing for moderate income families.

Eight of the homes will be located on the east edge of Beloit in the Zimmer Addition and one home will be located at the intersection of 3rd & Mill Streets near the downtown business district.

The homes will be made available through a unique program. The homes will be leased for the first 15 years and then converted to a mortgage for the second 15 year period. They will be available based on income. Two will be available to qualifying families as "low income" homes and 7 will be available to qualifying families as "moderate income" homes.

The goal of the housing program is to help provide more "workforce" quality housing and to assist families already living in Beloit to step up to newer houses and free up older homes for other residents and new residents in the community.

Site preparation work began earlier this week in the Zimmer Addition. It is expected to take 7 months to complete construction on all 9 homes. Applications will be available when the homes are near completion. We are working on getting flyers made that provide information on the income guidelines for the Crown Homes. It will be announced when that information is available.