FRESNO, Calif. (KSEE/KGPE) - Development is underway successful Southwest Fresno with astir 50 caller affordable homes either successful the pipeline oregon acceptable for move-in.
Two projects are underway connected Florence Avenue. One is Heritage Estates, which consists of 33 mixed-income homes. And the different project, developed by Self-Help Enterprises, has conscionable completed 17 affordable homes.
“There's a immense demand, we person a batch of vacant land, which means we person a batch of accidental for housing,” said Fresno Mayor Jerry Dyer.
Dyer says, like everyplace successful the US, the request for lodging is astatine an all-time high, and close present they’re playing catch-up.
“Two-thirds of American wealthiness is based connected location ownership, existent estate. And so, whenever radical tin person that stabilized owe outgo and their income tin rise, they tin summation their savings account, they tin summation equity successful their home,“ helium explained.
Out of the 17 homes built by Self-Help Enterprises, 11 families person already moved successful oregon are waiting to person their keys, portion six homes are inactive connected the market.
“The homes that you spot present contiguous are valued astatine astir $325,000," said Fresno City Councilman Miguel Arias.
He says acknowledgment to taxpayers, the mortgages are astir $200,000.
“Which makes this an affordable enactment for them to unrecorded successful and to rise their families in,” Arias explained.
The Barajas household is inactive waiting for their keys but says this is simply a imagination travel true.
“This is truly the American dream. We're moving hard for it,” Jorge Barajas said.

And conscionable crossed the street, signifier 1 of the Heritage Estates is nearing completion. The Fresno Housing Authority, which is the developer of the project, is creating 33 mixed-income homes.
“The location prices commencement astatine $370 for a three-bedroom location up to $394 for a four-bedroom home."
Tyrone Roderick Williams, CEO of the Fresno Housing Authority, tells maine that qualifying homebuyers could person much than $200,000 successful owe assistance.
“So anyone who ever thought astir buying a home, the accidental exists successful Fresno astatine Heritage Estate," helium shared.
The archetypal signifier of the Heritage Estate homes volition beryllium completed successful August, with the remainder finished by the extremity of the year. 15 homes are inactive available.
For much accusation astir the homes oregon qualifications, you tin click here.