Lake County commissioners have approved an agreement to allow Western Reserve Community Development Corp. to build a new home on previously vacant property in Painesville.
A new single-family home with a basement would be built at 107 Prospect Ave. near the Asper Commons subdivision also constructed by the group, said Jason Boyd, Lake County Planning Commission director and federal grants administrator.
The proposal would cost $160,000 and money to pay for the project comes from the Home Investment Partnership Program funded by the U.S. Department of Housing and Urban Development.
Typically, the use of these federal funds are used to acquire blighted property to be rehabilitated and then sold, Commissioner Robert E. Aufuldish said Thursday during the commissioners’ meeting.
“Instead of doing that, we’ll put up a new home,” he said.
Sabrina Waytes is executive director for Western Reserve Development Corporation, a private nonprofit company based in Painesville.
She said the project would dovetail on the success of the agency’s Asper Commons project.
That development features seven homes that were available to lease with an option to purchase at the end of the program.
