ALBANY, Ga. — The city will likely begin work soon on a project to revitalize an East Albany neighborhood that was first considered in 2004.
The North Broadway development will result in the construction of nine individual, single-family rental houses, LaToya Cutts, the city’s director of Community and Economic Development, told commissioners Tuesday.
The development will complete a process that was initially started in 2004 but was put on hold when the Georgia Department of Transportation shifted priorities away from the widening and extension of nearby Clark Avenue.
The development is funded with dollars from the U.S. Department of Housing and Urban Development through the federal government’s HOME program.
Under federal guidelines, the city must spend at least 15 percent of its HOME allocation each year on affordable housing projects through Charitable Housing Development Organizations, or CHDOs.
Cutts said a proposed contract for $702,000 has been offered to PHASE corporation, a CHDO out of Bainbridge, to build the houses.
PHASE was the only responsive CHDO to bid on the project.