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Donation Total: $100

Mixed Income Housing

Bridging the opportunity gap for safe and affordable housing

Grove Park housing by the numbers:

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Single-Family Homes

0 %

Owner-Occupied

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of renters are severely cost-burdened

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average single family home price

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median household income

In Grove Park, homeownership isn’t just about housing, it’s about dignity, stability, and the power to pass on opportunity from one generation to the next. Creating conditions for homeownership is a critical part of the GPF affordable housing strategy. The combination of lower household incomes, limited housing stock, and development pressure in Grove Park creates a growing opportunity gap for residents to achieve home ownership in their own community. Without intervention, long-time residents, many of whom have lived here for decades, risk displacement as property values soar and generational wealth slips further out of reach.

 Grove Park Foundation has a multi-pronged strategy to develop and preserve a mix of housing options with affordability based on Area Median Income (AMI) and market rate. A mixed income housing strategy supports a thriving neighborhood and provides stability for Grove Park families, a pathway for homeownership, and the opportunity to build generational wealth for their families

Rental Housing:

Rental housing includes low-to-medium density multi-family and single-family units. Affordability for these units range from: 50%-80% AMI to market rate

650 Units

Home Ownership:

Homeownership units are single family homes including infill parcels and townhomes. Affordability for these units range from: 80%-120% AMI to market rate

200 Units

Home Ownership:

Homeownership units are single family homes including infill parcels and townhomes. Affordability for these units range from: 80%-120% AMI to market rate

200 Units
House Security for All

Grove Park housing by the numbers:

Grove Park Foundation is committed to ensuring stable and secure affordable housing for mixed-income residents in the Grove Park community. The new Canopy at Grove Park is the first step in our plan to acquire, rehabilitate, construct, and/or preserve 950 total affordable housing units in the following areas:

 

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New Single Family Home Owners

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New Multifamily Units

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Legacy Home Owners Served

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