For Marcella Bynum, the little tan house with green trim on the corner of Genesee and Mortimer streets is like a dream come true.
"I just love everything about it," said Mrs. Bynum, who purchased her home in March. "And I'll be glad when the rest of this neighborhood is built up, too."
Five new houses, including Ms. Bynum's, already have gone up in the new subdivision to be called "Genesee Village" in the city's Ellicott District, and 20 more are slated for construction by developer M.J. Peterson by next spring.
Mayor Masiello today joined Dennis M. Penman, executive director of M.J. Peterson, at a groundbreaking to announce the new construction through the city's Affordable New Housing Program. The program, which provides government subsidies of up to $20,000 for eligible home buyers toward the purchase price of their home, provides home-ownership opportunities to individuals and families who might otherwise be priced out of the new housing market.
"This is another sign of progress, growth and development," Masiello said. "Our primary goal is to build strong, safe, stable neighborhoods with an economic mix of individuals and families."
To enhance the appeal of these new houses, Penman said the development will feature a variety of housing styles, including those that are more urban in design. Some of the houses, he said, will feature large front porches, similar to those on existing houses in the neighborhood. "We want to introduce a new flavor, a new product that's kind of fresh and will fit in well with the rest of the neighborhood," Penman said.
M.J. Peterson has constructed more than 500 houses, many of them on the city's Near East Side. M.J. Peterson and James Management are seeking federal funding to build up to 300 houses in the area bounded by Michigan Avenue, Cherry Street, Adam Street and Seneca Street.
Penman said the construction will have a variety of options, including two-family homes and town houses.