WASHINGTON, D.C. – December 17, 2013 – (RealEstateRama) — On Thursday, Dec. 19 at 3:30 p.m., Mayor Madeline Rogero will join officials from the East Tennessee Housing Development Corporation to break ground on two new houses that ETHDC is building on lots in the Lonsdale neighborhood. The two lots are located at 3425 and 3435 Bishop St. The homes are expected to be priced at $110,000. They are currently planned as three bedrooms, two baths, and approximately 1,176 square feet.
ETHDC is a private, nonprofit agency funded by the City of Knoxville as a Community Housing Development Organization. It receives federal funds through the City to construct quality, energy-efficient homes for first-time, low-income home buyers. It has maintained a targeted, sustained effort in the Lonsdale community over the past several years.
By providing Energy Star Homes, ETHDC not only offers residents a well-built house, but also features that ensure buyers monthly savings on utility costs. When compared to renting or living in an older home, these savings can be significant.