"Quality in Homes... Builds Value in the Community"
The JFK Single Family Affordable Housing development known as The Fair Grounds is located in the historic JFK neighborhood. This development consists of Thirty-two (32) units: 24 zero-lot line townhouses and 8 single family homes. The six-million-dollar development was originally subsidized by Affordable Housing Tax Credits. These tax credits were converted to 1602 Exchange Funds under the American Recovery and Reinvestment Act of 2009. The units are 1473 -1500 square feet, three- and four-bedroom units that lease for $593 - $709 per month. Utilities are paid by tenants. At the end of the compliance period, occupants of the units will be allowed to buy their homes at below market rate. This furthers our goal to increase minority home-ownership. Housing became available in October, 2011. Units are fully occupied and the development has a lengthy wait list.