HomeNewsMODA Franklin affordable housing breaks ground in Idaho

MODA Franklin affordable housing breaks ground in Idaho

The City of Boise, Idaho, has officially broken ground on the City of Trees’ first affordable housing land trust development, MODA Franklin. The groundbreaking of the project which will bring hundreds of housing units to the junction of Orchard Street and Franklin Road in Boise, was celebrated by Boise Mayor Lauren McLean, municipal leaders, and the corporation behind the project. MODA Franklin will have 66 one-bedroom flats, 188 two-bedroom units, and 21 three-bedroom apartments, for a total of 365 bedrooms, according to the city.

Moda Franklin Boise

Search for construction leads
  • Region/Country

  • Sector

Also Read: Construction of Topgolf facility in Boise officially begins, Idaho

Franklin Park will also be incorporated into the project’s design. Rents for the units will be affordable for people earning 60% of the local median income, or AMI, according to city authorities. 10% of the units will be offered at market value.

“Soon, 200 more much-needed houses will be available for Boiseans on Boise budgets. So this public-private cooperation here at Franklin and Orchard to break ground and begin construction of houses that Boiseans can afford. It’s a terrific model for us to follow with our next land trust possibilities here in the city as we work to ensure that everyone in Boise can afford a house “Mayor Lauren McLean stated.

Construction is set to begin in early 2022 and is projected to be finished in 2023. McLean said in a statement that the housing project will provide much-needed affordable housing alternatives to the city, which is facing an affordable-housing crisis. “MODA Franklin exemplifies the City’s, its partners’, and the development community’s dedication to innovating and proactively increasing the city’s affordable housing supply,” said Maureen Brewer, senior manager of Housing and Community Development.

Who exactly is the MODA Franklin development for?

AMI, or area median income, is now US$75,300 for a household of four. Individuals should spend no more than 30 percent of their income on rent or housing payments, according to local standards and a definition by the US Department of Housing and Urban Development. Using that formula, a reasonable rent for a family of four at 60% AMI would be US$1,129.50 per month.

Must Read

Framed Allure at Billionaires’ Row in Palm Jumeirah, Dubai, handed over

Framed Allure at Billionaires’ Row in Palm Jumeirah, has successfully been delivered by CK Architecture. This is one of the two signature villas CK...

Construction of Msenge Wind Farm in South Africa to commence

Msenge Wind Farm in South Africa, the country's first utility-scale private wind farm, is ready for construction near Bedford, Eastern Cape. This is after...

Brightline West, Los Angeles to Vegas High-Speed Rail

After reaching an agreement with a group of significant labor unions, Brightline, the corporation behind the project, expects construction on the bullet trains to...

Construction of Mount Hermon Apartments in Florida begins

Mount Hermon Apartments, an affordable senior housing project is now underway in the Fort Lauderdale municipality of Broward county, Florida. Housing Trust Group (HTG)...

Installation of 47 groundwater pumping stations in South Sudan in the pipeline

Plans are being laid for the establishment of 47 groundwater pumping stations in South Sudan. The venture was formally announced on March 3, 2023,...

US$ 131M loan secured for 23-10 42nd Road development in New York

A US$ 131M loan has been secured for the implementation of the 23-10 42nd Road development in New York. This was revealed by the...

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here