By Scott Nishimura snishimura@bizpress.net
North Fort Worth’s Diamond Hill-Jarvis neighborhood is getting a boost, with the Fort Worth Housing Finance Corp. planning to build 21 homes that will be sold to families earning 80 percent or less of area median income.
The city is selling the Hardy Street lots – almost all are on the site of an abandoned, demolished nursing home at 3601 Hardy – the Housing Finance Corp. at appraised value. The HFC is entering into a contract with Integrity Texas Construction for the $1.3 million construction of up to 21 homes.
Integrity will start construction in October or November on the first two homes, Avis Chaisson, community development manager for the city’s Housing and Economic Development department, said in an interview.
“Once there’s more demand, we’ll build more,” she said.
The city is conducting an updated appraisal to determine the sale price to the HFC, she said.
A private homebuilder considered the project, but decided against it in favor of another, the city staff told the board of the HFC, also the Fort Worth City Council.
The homes will be 1,400-1,700 square feet and be for sale at $90,000-$120,000, Chaisson said.