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The
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"North Pointe Village" Press Release
CITY OF HIGHLAND PARK
PRESS RELEASE
Contact: Fred Durhal, Jr. Executive On Loan/Economic Development
Director
(313) 252-0050x242
FOR IMMEDIATE RELEASE
FIRST NEW HOMES IN FIFTY YEARS FOR HIGHLAND PARK
Major Housing Development Signals City's Revitalization
Highland Park, MI - The ground breaking ceremony for construction of
the first major housing development in 50 years is scheduled for
Wednesday, December 22, 2005 at 10:00 AM at the corner of Church and
John R. streets in one of the city's most housing depressed
neighborhoods.
North Pointe Village, as the project is called, consists of 153
single-family housing units that will feature three models of
housing,
a ranch style home and a couple of two-story colonial style homes.
The
new modular housing has three bedrooms, two baths, kitchen, living
and
dining spaces and full basements. The housing will have landscaping
and driveways. Garages are optional and can be attached or detached
according to preference. The models being constructed are modular
type
homes that are superior to stick-built homes that are subjected to
weather. These are not trailer-type homes. They are beautiful, tough
and durable. These homes will come equipped with alarm systems,
security lighting, sump pumps and appliances. The homes meet all
state
and BOCA specifications, says builder Joseph Cipriano. Construction
is
expected to continue over the next calendar year.
The houses will be priced between $130-155,000 and will feature a
unique rent to own program that is designed to create first-time
home
buyers after a two-year or less credit repair effort. Applicants
will
also be required to participate in the local neighborhood watch
program, join the existing community organization, attend classes on
neighborhood living skills, and home repair and be subjected to
credit
and criminal background checks. "We are interested in having the
home
buyers become stakeholders in their immediate neighborhood and in
the
general city," remarked Daniel Russell, CEO of 3rd Day Investments.
Equipping current and new residents with information and skill sets
will foster a more stable and secure neighborhood. Occupancy of
units
is expected by Spring, 2005.
"North Pointe Village will bring in over $400,000 in new property
and
income tax revenues to the city as it grapples with the fiscal
challenges" says Ramona Henderson-Pearson, Emergency Financial
Manager
who oversees the city's budget deficit and operating problems. "This
housing development signals the systematic revitalization of the
city.
It is a part of the new and improved Highland Park," says Mayor
Titus
McClary. "This is one of many projects that will be announced in the
very near future as we attempt to re-build this city". "North Pointe
is a wonderful Christmas present for the citizens of our city", says
City Council President Dr. Ameenah Omar.
The project is the effort of Candler/Stevens, Inc. builders, Blight
Removal Consultants, Inc. and 3rd Day Investments. Consulting
assistance was provided by the Michigan Economic Development |
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