Davenport Urban Homestead, Phase 2
Davenport continues its efforts to stabilize a low income neighborhood where there have been many vacant lots. This weekend it will hold open houses on East 6th Street for three new homes that are part of the Urban Homestead Program.
Lead Financial Specialist for the city, Dawn Cameron, says Davenport has used federal money to build affordable homes for working families.
"Because we're taking neighborhoods that needed that boost, that needed that primer, that we couldn't get private funds into. So we're able to put those federal funds in first, you're able to see the transition of that neighborhood, that stabilization, the revitalization, and they you'll see market rate follow in."
The three new homes are located in the 600 block of East 6th Street. Each has about 14-hundred square feet plus an unfinished basement, and the price for each is 110,000 dollars.
The minimum income to qualify is 28,000 dollars.
As part of the Urban Homestead program, two years ago Davenport built and sold three homes in the next block. And now Cameron says a private developer plans to build some more new homes in the neighborhood.
The open houses will be held Saturday and Sunday from 11 am to 2 pm, and applications will be available.