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Covington Housing Team Out with the old In with the infill, infill, infill

Walker's Bend Redevelopment Covington, Georgia. Mixed-use development: 233 dwellings

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Covington Housing Team Out with the old In with the infill, infill, infill

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    1. Covington Housing Team Out with the old – In with the infill, infill, infill Demolish dilapidated housing 5 houses demolished since February 2010 Build new, energy efficient affordable homes 48 senior apartments and 12 senior townhomes permitted – groundbreaking this month Repair, extend and build new sidewalks Over 1,000 feet of sidewalk repaired or extended

    2. Walker’s Bend Redevelopment Covington, Georgia Mixed-use development: 233 dwellings & 15,000sf of office/commercial 80 dwellings built: 39 – owner occupied; 38 – investor rentals; 3 – REO 9 homes purchased with NSP funds and managed by Habitat for Humanity 134 vacant lots owned by eight different banks and the FDIC Covington Redevelopment Authority has purchased 62 vacant lots

    9. Covington Housing Authority Transitional Housing Program Household finance, budgeting and homeownership training classes 6, 9, and 12 month programs in Walker’s Bend Upon completion – down-payment assistance for purchase of new home in Walker’s Bend Program planning and facility design beginning Fall 2010

    10. Covington Redevelopment Authority Ground floor commercial/office/retail space Offer affordable rents for business start-ups Brings some of the daily needs of residents of Walker’s Bend within walking distance – hair salon; day care center; corner conv. store Classroom space for CHA budgeting and home ownership programs Shared community room for the neighborhood

    11. Affordable Equity Partners The Village at Walker’s Bend 32 three and four bedroom, single family homes ranging from 1,400 -1,500 square feet 15 year rental program – rents based on income Lease-purchase available after 15 years Proven Georgia affordable housing provider

    12. Market Rate For-Sale Homes Partnering with local home builders to contract-build new homes in Walker’s Bend Down payment assistance through the Georgia Department of Community Affairs Local bank financing with conventional contract-to-permanent mortgages Built to Earthcraft House Standards $75,000 - $95,000 targeted price-points

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