The nine affordable townhomes in Phase II of the Spanish American Civic Association’s Conestoga North development on Chesapeake Street have been completed and sold, SACA said this week.
They add to the nine townhomes completed in June 2021, bringing the total to 18. All of them have been sold to households earning less than 80% of Lancaster County’s median income, which is $66,400 for a family of four, SACA said.
“This is a demonstration of our community’s commitment to invest in its people to provide them with safe, comfortable, and affordable places where they can create a life,” SACA CEO Jose Lopez said in a statement.
Conestoga North broke ground in August 2020. The 18-unit project cost an estimated $7.5 million, or a little more than $416,000 per townhome. SACA sold the nine units in Phase II at prices from $155,000 to $177,000, county records show.
Funding was provided by the state Department of Community & Economic Development, the Pennsylvania Housing Finance Agency and Tenfold. Lancaster city provided $500,000 in funds from the U.S. Department of Housing & Urban Development. Community First Fund and LinkBank provided financing.