Developers propose new Swannanoa project (2013, apartments, condominiums)

[SunnyKayak]

Developers are considering a building a mixed-use development in Swannanoa that could include 100 to 300 apartments, town homes or single-family homes.

The development is at its earliest stages, MHO Community Investments Director Cindy Weeks said, but could have anywhere from 100-300 apartments, condominiums, and single-family homes.

Some would be modest “market-rate” homes while others would be subsidized with tax credits to ensure they are affordable for workers.

That could mean rents of $500 - 900 and home prices of $125,000 - $175,000.

http://www.citizen-times.com/article...nclick_check=1

[eiafjam]

Just great---------more over developement. They always say affordable, but when it comes right down to it, it never happens that way.