Stimulus Money Used For New Housing Community - KMPH FOX 26 | Central San Joaquin Valley News Source

Stimulus Money Used For New Housing Community

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Photo courtesy of photojournalist Carlos Ramirez Photo courtesy of photojournalist Carlos Ramirez

Stimulus dollars are helping to fund a new low to moderate income community in Central Fresno.

Parc Grove Commons broke ground Wednesday near Fresno State and Clinton Avenue.

The $37 million affordable housing community was partially funded through the American Reinvestment and Recovery Act, and is expected to generate nearly 250 jobs, while housing 215 families.

"The Parc Grove Commons project removes deteriorated World War II era public housing and provides much needed quality housing to serve low- to moderate-income families. The Redevelopment Agency is pleased to have had the opportunity to contribute to this important development," said Marlene Murphey, Executive Director of the City of Fresno Redevelopment Agency.

Those behind the project hope it will help to bring a "new wave of revitalization" to the neighborhood.

The units are expected to range in size and offer 1-4 bedroom apartments.

The rent of the units will be based on the income of it's renters, who are expected to be at or below 60% of area median income which is established by HUD.

In addition to the affordable rent, officials are also offering opportunities within the complex to help people get on their feet and succeed. "The classrooms, computer room, and other
amenities at Parc Grove Commons will help tenants expand their opportunities for self sufficiency and will be a wonderful resource for the community,"said Rollie Smith, Fresno Field Office Director for the US Department of Housing and Urban Development."

Stay with KMPH and KMPH.com as we continue to follow this story.

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