More homes are being added to the plans for the West River redevelopment project being designed by the Tampa Housing Authority. Another 800 homes are now envisioned as part of the 1,600 already included in the $500 million redevelopment project.
The West River redevelopment project is part of the city of Tampa’s plans to transform a 194 acres of land along the Hillsborough River into a mixed-income neighborhood. The plan to add 800 new homes was made after re-evaluating the project.
After a more complete market study of the urban area affected, "it just made sense to add these additional homes,” says Leroy Moore, COO for the
Tampa Housing Authority. “The opportunity was there, and the market study showed that with the higher number of units being there, the market would support it.”
With the new plan, the 2,400 homes will be mixed-use, but also mixed-income meaning there will be a combination of public housing and market-rate units.
“This is a mixed-income project,” Moore says. “By mixed-income we mean housing that is affordable to persons below 80-percent area medium income being housed in the same building with units that are at market rent as well, so that the diversity of income is all within one building.”
As for when the units will be ready, Moore says it could take time depending on when funding comes through.
“It will be a phase development, which could mean it would be five to 10 years before the units are complete,” he says. “But we could have buildings starting as early as late next year. We are pursuing funding this year to try to get this project underway as soon as possible.”
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