FortWayne.com
 
  Text size  Increase text sizeDecrease text size      
Last updated: Sat. Dec. 08, 2012 - 08:23 am EDT

People from 12 ZIP codes move to new Fort Wayne neighborhood

PHOTOS
 
Click on image to view.
DISCUSS
Comments
 

Fort Wayne officials say people from 12 different ZIP codes have chosen to make their homes in a 66-home rent-to-own development in the southeast-side Renaissance Pointe neighborhood.

Mayor Tom Henry joined the project developer, city staff and community members Friday to dedicate the last of the homes to be built and leased. All 66 of the homes now have families living in them or waiting to move in.

City officials said people have moved to the neighborhood from all corners of Allen County.

"People are moving to this beautiful neighborhood and helping raise property values and property tax revenue," said John Urbahns, the city's director of community development, in a statement. "It's a win-win for everyone."

The tax-subsidized development cost about $11 million to build, relying largely on credits from the Indiana Housing and Community Development Authority and federal money distributed through the city.

csheckler@news-sentinel.com


Comments
 
Thursday
Thursday
High  °F
Low  °F
9 °F
Fair
Sponsored by Masters Heating & Cooling, Inc.
LOCAL BUSINESS SEARCH
Local Search
STOCK SUMMARY
Dow 18135.7238.82
Nasdaq 4982.8115.67
S&P 500 2101.04+2.51
AEP 57.08+0.50
Comcast 60.325-0.105
GE 25.82+0.16
ITT Exelis 24.05-0.05
LNC 58.33+0.30
Navistar 30.30+1.57
Raytheon 106.97+0.20
SDI 18.76+0.31
Verizon 48.92-0.15
  Stock Sponsor