AFRO Intern
The West North Avenue Development Authority (WNADA) recently announced that it had secured a $3.75 million investment, allowing them to rebuild and restore 35 homes in the West North Avenue corridor, specifically within the 2700 to 2900 blocks. The houses will be priced between $250,000 and $275,000.
Jared Jackson, WNADA’s housing and real estate development officer, said the organization’s aim is not just to address the area’s housing challenges, but its underlying economic stagnancy.
“Our entire goal was to turn a vacancy into economic activity, and that was through targeted public investment that unlocks private investment,” said Jackson. “We had a goal of increasing property tax, sales tax and income tax along the corridor.”…