Muncie Secures Developer for $12M Housing Project
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The city of Muncie has reached a deal with Cincinnati-based developer Miller Valentine Construction for City View 2, an $11.8 million single-family workforce housing development. The city says the development will start as rental units, with options to purchase in the future.
The city says it will provide $1.2 million towards the project, which will include a total of 37 lots. Ten homes will be built in the city’s Southside Neighborhood, 10 will be built in the Thomas Park/Avondale area and 17 will be constructed in the combined Industry, Blaine SE and East Central neighborhoods.
“It is very encouraging to see the redevelopment cycle work out in this manner,” Mayor Dan Ridenour said. “Community development is only possible when we work together just like this. Building new homes where a problem house once was improves our housing options, reduces the average age of our housing and helps build neighborhoods.”
The lots are currently owned by the Muncie Redevelopment Commission, located throughout the city’s first, third and sixth City Council Districts.
“I believe high quality homes lead to pride in the community and a better overall sense of home,” Third District City Councilman Brandon Garrett said. “This project accomplishes that goal and also shows the lengths the City will go to improve quality of life in its neighborhoods. Coming from someone who has lived in these neighborhoods my whole life, I am very excited to see them getting the attention they deserve and to see the finished product in our community.”
The city says construction is expected to begin in May.