Obama Official to Visit Portsmouth, Virginia
Housing & Urban Development Secretary Shaun Donavon to recognize City of Portsmouth for successful development of Westbury and Jeffry Wilson.
On Thursday August 18th, Shaun Donovan , Secretary of US Department of Housing and Urban Development will be in Portsmouth Virginia to recognize City officials and PRHA for successfully redeveloping of one of Americas most blighted communities.
Since being awarded a Hope IV development grant for the Westbury Development, the city of Portsmouth, Virginia has been working aggressively to dramatically improve the overall quality of life and reputation of their historic community by creating hundreds of high quality affordable housing opportunities for their citizens.
The transformation that has taken place in the Westbury neighborhood has become a source of pride to the nation and prompts a visit from President Obama’s highest ranking official in the department of Housing & Urban Development, Shaun Donovan. What used to be Ida Barbour, a crime-ridden area of 663 dilapidated public housing units, is now Westbury, an attractive and vibrant neighborhood of 278 beautiful newly constructed, affordable homes.
The success of Westbury has also spurred new development in nearby areas, including the Victory Square Elderly community and new business investment in downtown Portsmouth. Based on the success of Westbury, the City of Portsmouth received additional grant funding which makes Portsmouth the smallest city in the nation to win two HOPE VI Grants.
On Thursday, August 18th at 10:00 a.m., the ground breaking ceremony will take place at Seaboard Square in Portsmouth Virginia, to commemorate the city’s next major project; the revitalization of the Jeffry Wilson community. Plans call for the transformation Jeffry Wilson from the current 400 public housing units into a modern neighborhood combining 101 homeownership and 399 rental units, along with a multi-use sports complex. The new units will be located on three different sites.
All phases of the development have sold out quickly and currently, only 20 homes remain available for sale. Qualifying homebuyers with average credit scores and steady employment earning less than $55,000/yr can receive grant funding to purchase one of the new construction homes. Home sales prices start around $110,900 or as low as $550/mo P&I (based on 4.2% APR).
If you would like to learn more about the Westbury development, apply for grant funding or to schedule a tour of the Westbury community call toll free (888) 623-6686 or (757) 337-5310. You can also visit the website at http://www.WestburyVa.com.
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As part of a $24 million dollar HOPE VI development grant the Westbury homebuyer program offers homebuyers in Portsmouth Virginia, the opportunity to obtain a gorgeous new construction home with spacious quiet, private back yard for around $110,000 or under $600 per month P&I. Special Homebuyer Grants Are Still Available! For details call toll free (888) 623-6686 or go to http://www.WestburyVa.com
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