Construction To Start Soon On 200 Unit Affordable Housing Structure in Gastonia

Fairhaven Place in  North Carolina was approved in 2021.  Now construction is to start soon on this 200 unit affordable housing structure in Gastonia.  It's a 50 million dollar project by Commonwealth Development Corporation and construction is planned to begin at the end of the month.

According to the Gaston Gazette, “It’s been a long process, but we’re very thankful we’re able to get it across to the finish line,” said Sean Brady, a Commonwealth project manager.  You will find the new building on East Hudson boulevard.  There will be ten apartment buildings with twenty units each.  Move in is projected to begin by 2025.

Applications will be open around the 16th month according to property management. They will reach out to possible tenants.  So who is eligible?  According to the Gaston Gazette,  people making 50-60% of the area's median income will be considered.  And what about that cost.  One bedroom apartments will go for around $873 dollars a month and up for two and three bedroom units.

If you or someone you know is interested in living in this new apartment development, please check out all the details from the Gaston Gazette right here.