The development is at its earliest stages, MHO Community Investments Director Cindy Weeks said, but could have anywhere from 100-300 apartments, condominiums, and single-family homes.
Some would be modest “market-rate” homes while others would be subsidized with tax credits to ensure they are affordable for workers, Weeks said.
That could mean rents of $500 – 900 and home prices of $125,000 – $175,000, Weeks said.
“You think about that area with the state facilities and the Ingles warehouse, we are estimating 3,000 – 5,000 folks out there in that income range. And there’s probably a lot of them traveling from other counties to work there, based on the studies we’ve done,” she said.
Click over to read the full story.