Plans for subdivision in NE area moving along


Published: Thursday, July 1, 2004 at 6:01 a.m.
Last Modified: Wednesday, June 30, 2004 at 11:52 p.m.
With the development of its first subdivision - Lake Forest - well under way in northeast Gainesville, the Neighborhood Housing & Development Corp. is already deep into plans for its second, and larger, subdivision.
The proposal for the $7.8 million to $8 million Iron Wood Village North was approved by the city's Development Review Board in the spring, and the site plan is scheduled to be presented to the Gainesville City Commission on July 26, said Dave Herkalo, director of the Neighborhood Housing & Development Corp. (NHDC) in Gainesville.
The subdivision will be located on the east side of NE 15th Street, near NE 53rd Avenue and adjacent to Ironwood Golf Course. The residential community of 64 homes will be developed on an 18.1-acre site, which includes at least 3 acres set aside as wetlands. Homes will be priced between $116,500 and $130,900. In addition, the subdivision will have its own homeowners association.
The Iron Wood plan is for five models of two- and three-bedroom homes, with two baths and a single-car garage. Square footage will range from 1,651 to 1,929.
Working families will be the targeted market, including schoolteachers, police officers and others whose household income is between 80 percent and 115 percent of the median family income in Alachua County, Herkalo said. For example, the county's median income for a family of four is $52,200.
"We want to make sure we will be able to capture those families with incomes above the 80 percent of median income here, because they still need affordable housing," he said.
However, some subsidies will be available for eligible buyers whose annual income is 80 percent or less of the median.
The nonprofit organization's first subdivision, Lake Forest, which is under development at NE 45th Street and 47th Terrace, targets working families with an annual income of less than 80 percent of the county's median household income. Several families already have moved into this smaller subdivision, which will have 44 homes on 15 acres, at a cost $5.1 million.
Iron Wood Village North represents more opportunities for homeownership in east Gainesville, according to Odetta MacLeish-White, chairwoman of the East Gainesville Development Corp., and a relatively new board member of the NHDC.
"I think that we are providing the kind of housing and homeownership opportunities that this community has said it wanted to see," she said.
The NHDC's partners in this development include Florida Bank, which is handling most of the financing for the subdivision, with some anticipated participation by SunTrust Bank, Herkalo said. Additionally, some financing will be available through the Florida Housing Finance Corp. and the Federal Home Loan Bank of Atlanta, he said. Flanagan Companies Inc. of Gainesville is the general contractor on the project, and the architect is Andy Kaplan of Gainesville.
Doris Chandler can be reached at (352) 374-5094.

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