February 28, 2024 | Housing
Matthew 25 Has Two New Construction Homes For Sale
Affordable Single-Family Residences Offering Abundant Quality Features Now On The Market
Matthew 25 has not one, but two affordable, quality single-family homes currently for sale. One home is located at 806 5th Ave SW, close to Cedar River Academy at Taylor Elementary. The second home is at 515 9th St NW, located near the Cultivate Hope Corner Store. Watts Group is the builder for both homes.
These new construction homes are high quality, with quartz countertops, soft-close hinges on cabinets, contemporary lighting, and high-efficiency furnaces – features that are unusual in the affordable housing realm. They are built with energy and low maintenance costs in mind, making them a great option for those who are looking for a home that’s both sustainable and affordable.
Additional features of these 3 bedroom, 2 bath homes include: large front porch, finished basement with spacious living room, open concept kitchen with island, many windows allowing for a lot of natural light, parking pad (no garage), and ENERGY STAR appliances.
Clint Twedt-Ball, Founder and Executive Director of Matthew 25, explains the importance of these homes: “At a time of a national housing crisis, Matthew 25 is working hard to create high quality, affordable housing that will add to the vibrancy of the neighborhoods where we work.”
Homebuyers must make 80% or less than area median income and plan to live in the home. Matthew 25 has earned grants to lower the cost of the home from the building costs of $286,000 to $224,500. In addition, lenders are offering other opportunities to lower the cost of the home by up to $58,000 through subsidies and grants. Information on specific grants and subsidies is available through Neighborhood Finance Corporation.
To learn more about how to purchase one of these homes, visit our New Homes page or call us at 319-362-2214.
